Binance is just the beginning

Christy Goldsmith Romero, commissioner of the CFTC, was tough when talking about the case. Romero added that: “there are no pirate ships in the US markets” and that “access to US customers is a privilege, not a right”.

The commissioner emphasized the CFTC's commitment to maintaining a robust approach against exchanges that violate US trading regulations. She highlighted that the CFTC has a zero-tolerance policy for tactics such as the use of private networks (VPN) or any attempt to circumvent the country's rules.

In a separate statement, CFTC Commissioner Caroline D. Pham affirmed the CFTC's global jurisdiction, stating unequivocally that the regulator will persist in its efforts against entities that are not based in the US. According to local laws, these companies cannot offer services to US customers without authorization.