Binance seeks to file motion to dismiss CFTC charges

HomeCrypto regulation
Share this article
Subscribe for weekly updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Changpeng Zhao; Photo Source: Binance (Youtube)

Crypto exchange Binance and its CEO Changpeng Zhao intend to file a motion with the court to dismiss the CFTC’s complaint. 

Earlier in March, US watchdog CFTC filed a lawsuit against Binance and Zhao, accusing the exchange of unlawfully offering trading services for cryptocurrencies that the regulatory body considers securities.

The latest filing in the CFTC vs Binance dispute revealed that Binance and Zhao will file a joint motion requesting the court to drop the CFTC’s lawsuit against the firm. It stated that Samuel Lim, former Compliance Officer at Binance, will file a separate motion to dismiss CFTC’s charges.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Binance also requested the court to extend the 15-page limit for the brief where the exchange will list the reasons in support of its motion. Moreover, Binance claimed that the official document can have as many as 50 pages due to the complexity of the case.

The deadline for Binance to file these motions is July 27. 

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

Crypto exchange Binance and its CEO Changpeng Zhao intend to file a motion with the court to dismiss the CFTC’s complaint. 

Earlier in March, US watchdog CFTC filed a lawsuit against Binance and Zhao, accusing the exchange of unlawfully offering trading services for cryptocurrencies that the regulatory body considers securities.

The latest filing in the CFTC vs Binance dispute revealed that Binance and Zhao will file a joint motion requesting the court to drop the CFTC’s lawsuit against the firm. It stated that Samuel Lim, former Compliance Officer at Binance, will file a separate motion to dismiss CFTC’s charges.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Binance also requested the court to extend the 15-page limit for the brief where the exchange will list the reasons in support of its motion. Moreover, Binance claimed that the official document can have as many as 50 pages due to the complexity of the case.

The deadline for Binance to file these motions is July 27. 

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande