The Commodity Futures Trading Commission (CFTC) was allegedly behind the crypto exchange Binance's decision to stop buying the assets of the failed crypto lender Voyager.
Binance CEO Changpeng Zhao responded to the claim, made by an analyst on Twitter, with a “shrug” emoji, prompting comments that the claim might be true.
— CZ 🔶 Binance (@cz_binance) April 25, 2023
CFTC officials told CNBC today that no decision has yet been taken to resolve the case or take it to court, noting that the institution hopes to find "a way forward" in its legal battle with crypto exchange Binance.
CFTC officials added, “I want to be really careful not to be biased about what will actually happen in the case. And I would like to say that in the context of any case, we are typically always ready to negotiate, and even usually before the trial.”
The source of the CFTC being cited as the reason behind Binance's cancellation of the Voyager agreement was also the following statement by an institution official in this interview:
“We are in constant conversations with the company in question to identify behaviors that we understand to be potentially problematic and to give them the opportunity to explain those behaviors and help us find a way forward.
As of now, we can conclude that there is no immediate way forward. That doesn't mean there can't be a way, and I hope there will be a way."
*Not investment advice.