Binance, the world’s largest cryptocurrency exchange, continues to defend itself against the CFTC, one of the regulatory authorities in the USA.
According to Binance’s statements, the Commodity Futures Trading Commission (CFTC) in the USA initiated a legal fight against Binance. beyond its jurisdiction trying to pass.
According to the documents submitted to the court by Binance yesterday, the CFTC only provided Cryptocurrency derivative product anywhere in the world, not in the USA He makes statements that would give him regulatory authority.
In the lawsuit filed by the CFTC “provocative statements” Claiming that it was included, Binance emphasized the following:
“US laws apply domestically but do not control the world. Congress failed to relegate the CFTC to derivative policing of the world.”
The CFTC filed a lawsuit against Binance in March for offering unregistered cryptocurrency derivative products. CFTC regulators say Binance CEO Changpeng Zhao “on purpose” It claims to target the US market.
Binance, on paper Does not operate in the US market and products and services in the USA. It is operated by a separate entity called Binance.US. He argues that it is operated.