The Commodity Futures Trading Commission sent the prices of crypto-related stocks and the most popular cryptocurrencies plummeting on Monday after it announced it was suing Binance and its CEO, Changpeng “CZ” Zhao, in federal court.
Bitcoin and Ether, the two leading cryptocurrencies, were down about 3% each over the past 24 hours, a change from the steady climb seen in recent days that saw each hit a monthslong high. The cryptocurrency BNB, which powers the Binance’s BNB chain, was down more than 6%.
