Binance boss plans to seek dismissal of CFTC complaint, filing shows

📆 7/25/2023 1:03 PM
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ICYMI: Binance boss plans to seek dismissal of CFTC complaint, filing shows

The world’s largest crypto exchange and its founder Changpeng Zhao may submit a motion to dismiss a lawsuit filed in March by the Commodity Futures Trading Commission.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Binance Holdings and its founder are seeking to dismiss a complaint filed in March by the United States Commodity Futures Trading Commission.

As things stand, Binance, Zhao and Lim have until July 27 to submit their responses to the CFTC complaint. The agency said in its complaint that Binance had “taken a calculated, phased approach to increase its United States presence despite publicly stating its purported intent to ‘block’ or ‘restrict’ customers located in the United States from accessing its platform.”

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Binance Says It Intends to File Motion to Dismiss CFTC Complaint.binance and founder cz_binance plan to seek a dismissal of the CFTC suit against the crypto exchange, which alleges that Binance offered unregistered crypto derivatives and directed U.S. customers to evade compliance controls. thesamreynolds reports
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