Crypto change Binance and its CEO Changpeng “CZ” Zhao requested the dismissal of a lawsuit filed by the United States Commodity Futures Trading Price (CFTC).
In a July 27 court submitting, attorneys for Binance and CZ accused the CFTC of exceeding its regulatory authority and enticing in regulatory overreach. The submitting states that the CFTC is trying to manage foreign other folks and corporations working initiate air the United States, which works beyond the limits of its statutory jurisdiction and interferes with effectively-established strategies of comity with foreign sovereigns.
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