Binance Says It Intends to File Motion to Dismiss CFTC Complaint
Binance, Changpeng Zhao and Samuel Lim filed a motion Monday night asking the court for additional length in its response.
Top crypto exchange Binance is intending to ask a court to dismiss the U.S. Commodity Futures Trading Commission’s (CFTC) suit against it, according to a motion filed Monday.
The CFTC sued Binance, its founder Changpeng Zhao, and compliance officer Samuel Lim in a , alleging that the exchange operated a derivatives trading operation in the U.S. and directed its American customers to obscure their identities to evade restrictions.
Since then, attitudes toward the U.S. regulatory environment have shifted, with Ripple scoring a partial win against the Securities and Exchange Commission .
Binance’s response to the CFTC’s complaint is due later this week, on July 27. The filing did not specify Binance’s argument, only that it is requesting to exceed the standard 15-page limit due to the complexity of the case. According to the filing, Lim also intends to file a separate Motion to Dismiss.
Edited by Rosie Perper.
Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.
