CNBC - Bitcoin falls after CFTC sues crypto exchange Binance for allegedly breaking trading rules
Binance is being sued by the CFTC for violating eight provisions of the law "designed to prevent money laundering."
As a result of this suit, the price of bitcoin fell 3% to $26,955.61, according to Coin Metrics.
Meanwhile, Binance is the largest cryptocurrency exchange, and the U.S. legal action will have a major impact on the industry, according to one analyst.
Watch out for a possible Bitcoin dump!!
