Exchanges should be responsible for sanctioned users' trades even without proof they knew about them

The venues where digital assets trade, from Coinbase and Binance to decentralized protocols, with their listings, licenses, custody and failures.

Licensing, custody, and market-conduct rules for platforms where people trade digital assets, shaped by collapses like FTX and jurisdictional disputes between regulators.

Adherence to applicable laws and regulations governing crypto asset issuance, trading, and custody operations.

A U.S. Justice Department investigation reported on September 21, 2026 is examining whether Binance knowingly allowed trades that violated sanctions on Iran. No charges had been announced when the investigation was reported.