Regulatory Scrutiny for Binance Amidst Ethereum's Institutional Preference
Regulatory Scrutiny for Binance Amidst Ethereum's Institutional Preference
US senators have called for a federal investigation into Binance's compliance with anti-money laundering (AML) and sanctions regulations, specifically referencing reports of Iran-linked transactions and potential evasion risks. Concurrently, the institutional finance sector (TradFi) continues to demonstrate a strong preference for Ethereum, valuing its established liquidity and robust ecosystem over the transaction speeds offered by newer blockchain platforms.
Binance Faces Federal Probe Over Sanctions Compliance
Lawmakers urge US regulators to review Binance’s AML and sanctions controls after reports of Iran-linked transactions and potential evasion risks.
Ethereum Retains Institutional Favor Despite Faster Alternatives
TPS breakthroughs get engineers excited, but TradFi is looking at Ethereum because that’s where the liquidity is, says Kevin Lepsoe of ETHGas.