Is this FUD?
The Officials are the Internal Revenue Service and the Department of Justice as well as the CFTC.They have begun investigating Binance (source of BUSD stablecoin) for "insider trading" , "market manipulation" and they are "gathering witnesses".
So seems like they are building up a case.
Binance is an exchange where a lot of crypto derivatives takes place. It is also has its own stablecoins to faciliate that. Vast majority of trading in crypto is done through derivatives.
And of course, we all know how the FED and Janet Yellen feel about crypto and stablecoins. (They are going to clamp down on it).
source for attack on Binance. Sourcefor hate of Tether token.
What happens to crypto if binance collapses?
Is this something to be worried about? Or is it just FUD?
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