Crypto Takedown Accelerates as World’s Largest Cryptocurrency Exchange Binance Sued by U.S. Government
It is looking more and more each passing day that the U.S. financial system is speeding into a consolidation of the Big Banks, as their war against cryptocurrencies appears to be now accelerating. It was announced today that Binance, the world’s largest cryptocurrency exchange, along with their Chief Executive Officer Changpeng Zhao, are being sued by the US Government. The lawsuit was filed by the US Commodity Futures Trading Commission for "Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange." This follows a report last week, that Coinbase, the largest cryptocurrency exchange in the U.S., is also being threatened with a lawsuit by the Securities and Exchange Commission. With the Davos Crowd's financial system on the brink of ruin, they are doing everything they can to stop of the flow of bank runs and the exit of cash from their banks, such as into cryptocurrencies. How much longer can the Davos Crowd keep propping up their failing banks? Swiss Banks were once considered the safest place to stash wealth by the "elites" of Western Culture. But now some are calling Switzerland a "Banana Republic" after the raid on pension funds and the collapse of Switzerland's second largest bank.
