The U.S. Commodity Futures Trading Commission overstepped its legal jurisdiction by suing Binance, the crypto exchange said in a motion to dismiss the lawsuit. nikhileshde reports
leans heavily on the view that the CFTC is overreaching in suing Binance, which does not operate in the U.S., and its CEO Changpeng"CZ" Zhao, who does not reside in the U.S., the filing said. The first six of the CFTC's charges"do not apply to the foreign conduct alleged here," and several of the charges don't meet the legal standards set out by statutory requirements, it added.
The seventh charge – that Binance is trying to evade the Commodity Exchange Act – should be dismissed because the agency likewise does not meet the requirements it needs, the filing said. "There is no dispute that the CFTC has no regulatory authority over spot trading even in the United States, let alone abroad," the motion to dismiss said."The issue posed by the CFTC’s complaint is whether, when Binance․com began offering additional products in or after 2019—by which point it had already begun to restrict and off-board potential U.S.
Binance's legal troubles in the U.S. include a lawsuit from the Securities and Exchange Commission , which the securities regulator filed last month.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Binance, CZ to Seek Dismissal of CFTC Complaint – Legal Bitcoin NewsCrypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. CFTC.
Baca lebih lajut »
Binance Files Joint Motion To Dismiss CFTC Complaint | CoinMarketCapCryptoNews: Binance plans to petition the court to dismiss the case that the Commodity Futures Trading Commission (CFTC) launched against Binance, the largest Cryptocurrency exchange in the world, in March of this year. 👁
Baca lebih lajut »
Binance Bixel: Take the AI NFT Generator Challenge and Earn BNB | Binance BlogBixel is back and now available to everyone! This innovative AI NFT generator allows you to create unique AI-generated artwork, which can then be minted as an NFT. Join us as we explore its exciting features and introduce the Bixel Challenge, awarding BNB to top creators.
Baca lebih lajut »
Playing by the Rules: KYC at Binance | Binance BlogBinance makes use of a number of tools to ensure a safe ecosystem for all of you, our users. One of these is our robust KYC process, ensuring that we can prevent disallowed access to our platform. Learn more about it below.
Baca lebih lajut »
Binance Pool Launches Bitcoin Cash (BCH) Mining Service | Binance SupportBinance Pool launches the Bitcoin Cash (BCH) mining service. BCH utilizes the Full-Pay-Per-Share (FPPS) settlement method. Mining rewards will be automatically credited to users’ Funding Wallets by 10:00am UTC daily. Full details 👉
Baca lebih lajut »
CFTC charges Tennessee couple over 'Blessings of God Thru Crypto’ schemeA real-estate power couple allegedly swindled around $6 million from over 100 people through a crypto futures investment pool called “Blessings of God Thru Crypto” — the CFTC has said.
Baca lebih lajut »