The post Binance CEO Files License Application in Response to CFTC Lawsuit! appeared first on Coinpedia Fintech News
Binance CEO Changpeng Zhao have filed a license application with the U.S. District Court for the Northern District of Illinois, as they plan to file a legal memorandum to initiate a motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). The CFTC had charged Binance and its CEO with violating U.S. derivatives rules. The defendants are expected to respond to the lawsuit by July 27, 2023. Binance and CZ deny allegations and claim to operate within the legal framework.
Source: https://coinpedia.org/crypto-live-news/binance-ceo-files-license-application-in-response-to-cftc-lawsuit/