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

“There’s a common assumption that enforcement actions in the crypto or digital assets ecosystem connote bad actors or bad conduct. Admittedly, there is plenty of evidence to support this assumption,” Johnson said, but added that, in Binance’s case, “the matter and the resolution of the litigation did not involve any allegation of fraud or similar misconduct.”