.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
that would see the branch's assets and servers be put under the control of only its U.S.-based staff.
Since then, attitudes toward the U.S. regulatory environment have shifted, with Ripple scoring a partial win against the Securities and Exchange CommissionBinance’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.
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