U.S. CFTC Commissioner: The billions of dollars in penalties against Binance are "aggravated."

ChainCatcher news, according to CoinDesk, U.S. Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson stated on Tuesday at an event hosted by the Financial Times in the UK that the CFTC's penalty of billions of dollars against the cryptocurrency exchange Binance has been "intensified," as the regulator had previously publicly warned cryptocurrency companies to comply with regulations. Johnson indicated that the agency's enforcement action against the world's largest cryptocurrency exchange was due to its "fundamental non-compliance with regulatory requirements."

Johnson added, "It is widely believed that enforcement actions in the cryptocurrency or digital asset ecosystem imply bad actors or misconduct. Indeed, there is a lot of evidence to support this assumption, but in the case of Binance, the incident and the resolution of the lawsuit do not involve any allegations of fraud or similar misconduct."