According to a report by CoinDesk on March 28th, as part of a potential settlement, the US Commodity Futures Trading Commission (CFTC) may require Binance to cease operations in the United States. Binance.US is a small part of Binance's overall business, accounting for less than 5% of the exchange's global operations, according to a research report by Bernstein, a Wall Street investment bank. Earlier on March 27th, the CFTC stated that it would seek a permanent trading and registration ban on Binance in the case. In addition, Binance also stated today that Binance.US is not a subsidiary of Binance.

BlockBeats reported on March 28th that Binance CEO CZ responded to the CFTC's lawsuit on the official website, stating that Binance has been working with the CFTC for over two years and is disappointed with the civil lawsuit. "After preliminary review, the lawsuit seems to contain incomplete factual statements, and we disagree with the description of many issues," including compliance technology and the prohibition of US users from accessing the platform, cooperation and transparency with law enforcement agencies, registration and licensing, and trading, among others. It was also disclosed that Binance's current compliance team has more than 750 members, many of whom have backgrounds in law enforcement and regulatory agencies, and has processed more than 55,000 law enforcement requests to date, assisting US law enforcement agencies in freezing/seizing over $125 million in funds in 2022 and $160 million in 2023. In addition, CZ stated that he has two accounts at Binance: one for Binance Card and another for cryptocurrency assets. Binance has a policy of "90-day trading prohibition" for employees, which prohibits them from selling cryptocurrency within 90 days of purchase, and vice versa. Binance also prohibits employees from engaging in futures trading. CZ stated that he himself strictly adheres to these policies and has never participated in Binance Launchpad, Earn, Margin or futures trading.

BlockBeats reported on March 27th that the US Commodity Futures Trading Commission (CFTC) stated that it will seek to impose permanent trading and registration bans on Binance in the case. (Jinse)

BlockBeats reported on March 27th that the lawsuit information submitted by the US Commodity Futures Trading Commission (CFTC) showed that Samuel Lim, the former Chief Compliance Officer of Binance, has also been sued. The CFTC stated that Samuel Lim had held the position at least until January 2022 and currently resides in Singapore, but Binance refused to provide his Singapore address in response to the CFTC's investigation subpoena.

According to a lawsuit filed by the US Commodity Futures Trading Commission (CFTC) on March 27, BlockBeats reported that there were multiple chat records in the file about CZ using the Signal chat app, including conversations between him and Binance employees, US customers, etc. The chat records also mentioned instructions given by CZ to employees to use Signal for communication regarding the "US ban". CFTC stated that CZ communicated with numerous Binance executives, employees, and agents through Signal with an auto-delete function. It is currently unclear how CFTC obtained the Signal chat records related to CZ, and this has sparked widespread discussion in the community. Note: Signal is a cross-platform encrypted messaging service developed by the Signal Technology Foundation and Signal Messenger LLC. Signal sends one-on-one and group messages over the internet, which can include images and videos, and it can also be used for one-on-one and group voice calls over the internet. Signal uses standard mobile phone numbers as identifiers and uses end-to-end encryption to protect all communication with other Signal users.

According to a lawsuit filed by the US Commodity Futures Trading Commission (CFTC) on March 27th, digital assets such as Bitcoin, Ethereum, and Litecoin are considered commodities rather than securities. However, certain digital assets are defined as virtual currencies that can serve as a representation of value and can be used as a medium of exchange, a unit of account, or a store of value. These assets can also be derivatives of commodities, other fiat currencies, or financial instruments. Therefore, further investigation and clarification may be necessary depending on the specific circumstances.