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Binance's Multi-Billion CFTC Penalty Was 'Heightened,' Says Commissioner Kristin Johnson

Johnson clarified that the agency sued the crypto exchange because it "simply failed to comply with regulation," and didn't accuse it of misconduct.

CFTC Commissioner Kristin Johnson speaking at the FT Crypto Winter event (Jamie Crawley/CoinDesk)
CFTC Commissioner Kristin Johnson speaking at the FT Crypto Winter event (Jamie Crawley/CoinDesk)