<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/is-criminal-prosecution-on-the-horizon-for-binance-ripple-attorney-reveals/">Is Criminal Prosecution on the Horizon for Binance? Ripple Attorney Reveals</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After the US SEC sued Binance in June 2023 for violating securities laws, rumors have swirled about a possible DOJ indictment. In the midst of this, the XRP lawsuit ruled that retail XRP sales aren’t securities, which might impact the SEC’s case against Binance.</p> 
<p>Now, John Deaton, a prominent figure in the cryptocurrency community, has raised suspicions regarding the actions taken by major financial players Mastercard (MC) and Visa. Deaton’s concerns center around a potential impending criminal prosecution, hinting at the possibility of significant legal actions on the horizon.&nbsp;</p> 
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   <p lang="en" dir="ltr">I have to admit that this distancing by MC &amp; Visa make me suspect that something might be on the horizon related to a criminal prosecution. There’s been speculation and predictions that a DOJ indictment was likely to follow the <a href="https://twitter.com/CFTC?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CFTC</a>/<a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SECGov</a> filings. I was one of the people who… <a href="https://t.co/ZfjspeO5pc" rel="noopener noreferrer nofollow">https://t.co/ZfjspeO5pc</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1695498735755927805?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 26, 2023</a> 
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<p>He points to the ongoing speculation and predictions that a DOJ indictment could be the aftermath of recent filings by the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC).</p> 
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 <p>Deaton wrote on Twitter, “I have to admit that this distancing by MC &amp; Visa make me suspect that something might be on the horizon related to a criminal prosecution. I was one of the people who said it was likely based on everything we were witnessing. I admit that expected it by now, however.”</p> 
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<p>Furthermore, a circulating rumor has suggested that government apprehensions surround the potential indictment of Binance, one of the world’s leading cryptocurrency exchanges, and its CEO Changpeng Zhao (CZ).</p> 
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 <p>Cointelegraph reported, “According to an Aug. 2 Semafor report citing people familiar with the matter, Justice Department officials are concerned about an indictment against Binance causing a run on the exchange similar to what happened with FTX in November 2022.”&nbsp;</p> 
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<p>A report from Semafor on August 2 states that the Justice Department is worried that charging Binance could lead to a rush on the exchange, similar to what happened with FTX in November 2022. They might opt for fines or non-prosecution agreements instead to lessen the impact on users.</p>

Is Criminal Prosecution on the Horizon for Binance? Ripple Attorney Reveals

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