The world’s largest cryptocurrency exchange Binance and its CEO, Chanpeng Zhao (CZ), are preparing to appeal the lawsuit filed by the US Commodity Futures Trading Commission (CFTC).
Binance took the offensive against the lawsuit filed by the CFTC. The regulatory body last March Binance And CEO CZ sued for violations of legislation. In the CFTC case, Binance to US investors claimed to offer futures and options contracts indifferently.
The application by Binance organizations and CZ in a US court in Illinois on Monday, July 24, drew attention. Legal advisors, who reviewed the application, have filed Binance’s lawsuit filed by the CFTC. prepared to refuse stated. About according to the application file violation charges of Binance former chief compliance officer Samuel Lim will also be on the side that rejects the case.
However, initiated by the CFTC complexity of the case And number of arguments citing the grounds of Binance, legal notices expanding the page limit also requested.
Under the current circumstances, Binance to provide CZ and Lim’s responses to the CFTC complaint until 27 July have deadlines. Binance also has the U.S. Securities and Exchange Commission. (SEC) was also sued.