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<ul>
 <li>Goldsmith emphasized taking aggressive action against crypto exchanges that break law.</li>
 <li>On Tuesday, former CEO Changpeng Zhao (CZ) pleaded guilty and resigned.</li>
</ul>
The US Commodity Futures Trading Commission (<a href="https://thenewscrypto.com/u-s-cftc-launches-lawsuit-against-former-voyager-digital-ceo/" target="_blank" rel="noopener noreferrer nofollow">CFTC</a>) has issued a warning to various other cryptocurrency exchanges, two days after Binance’s $4.3 billion settlement with United States authorities was finalized.
On Tuesday, former CEO Changpeng Zhao (<a href="https://thenewscrypto.com/binance-ceo-cz-calls-dr-doom-shameless-over-logo-use/" target="_blank" rel="noopener noreferrer nofollow">CZ</a>) pleaded guilty and resigned. Binance should pay penalties totaling $4.3 billion, with $50 million provided by the previous CEO. The CFTC has made claims that Binance allowed its U.S. clients to trade unregistered crypto derivatives, and part of this cash will go towards resolving the issues raised.
CFTC Commissioner <a href="https://www.cftc.gov/About/Commissioners/ChristyGoldsmithRomero/index.htm" target="_blank" rel="noopener noreferrer nofollow">Christy Goldsmith Romero</a> stated:
<blockquote class="wp-block-quote">
 “Access to US customers is a privilege, not a right” and that “there are no pirate ships in US markets.”
</blockquote>
<h3 class="wp-block-heading" id="h-aggressive-approach">Aggressive Approach</h3>
Goldsmith emphasized the CFTC’s intention to take aggressive action against cryptocurrency exchanges that break regulations on trading. He emphasized a zero-tolerance approach for any efforts to circumvent KYC laws, including the use of virtual private networks and innocuous pop-up questions to verify that customers are not in the United States.
Moreover, CFTC Commissioner Caroline D. Pham made a clear statement reiterating the agency’s worldwide jurisdiction and emphasizing that the CFTC would continue its actions against non-U.S. businesses.
A month ago, <a href="http://binance.com" target="_blank" rel="noopener noreferrer nofollow">Binance</a> sought to have all charges brought against it by the US Commodity Futures Trading Commission dismissed. The recent events, however, have provided the regulator with an opening to take more action against other players.
Federal prosecutors filed a motion with the court on Wednesday asking that former Binance CEO Changpeng Zhao (CZ) be denied departure from the United States up until his February sentencing on one count of violating the Bank Secrecy Act.
Prosecutors said in a petition presented on Wednesday that CZ, an Emirati national, had “minimal ties to the U.S.” therefore may not return if permitted to leave the nation.
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U.S CFTC Warns Other Crypto Exchanges Post-Binance Settlement

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