By Bitcoin.com - fyrir 9 mánuðum - Lestur: 2 mínútur
Binance, CZ til að leita frávísunar á CFTC kvörtun
Crypto skipti Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws in the United States.
Binance, Exchange Executives to Try to Have the CFTC’s Case Dismissed
Binance Holdings, the operator of the world’s largest crypto trading platform, Chief Executive Changpeng Zhao and former Chief Compliance Officer Samuel Lim intend to seek the dismissal of a complaint by the U.S. CFTC against the exchange, according to a court filing on Monday quoted by Reuters and Bloomberg.
In March of this year, the CFTC lögsótt Binance for alleged violations of U.S. trading and derivatives rules. At the time, the regulator said that at least since July 2019, the exchange had offered and executed commodity derivatives transactions on behalf of U.S. persons.
The lawsuit argued that Binance should have registered with the U.S. agency and noted that the company continued to violate the CFTC’s regulations for years. The regulator accused CZ and his company of operating an “illegal” exchange and having a “sham” compliance program. The exchange is due to submit its response to the CFTC complaint on July 27.
Binance and Zhao have also been targeted in a málshöfðun by the U.S. Securities and Exchange Commission (SEC) which claims the exchange and its management breached securities laws by selling tokens that the regulator deems unregistered securities while misleading investors and regulators.
The crypto behemoth faces a number of investigations around the world, including an ongoing rannsaka by the U.S. Justice Department over suspected money laundering violations and sanctions evasion. Authorities in Belgium pantaði Binance to cease all crypto services while French prosecutors hleypt af stokkunum a money laundering investigation.
Billionaire Changpeng Zhao has sought to reassure customers following news of executives leaving the company and reports about massive layoffs. Against the backdrop of the legal battles with U.S. regulators, Binance’s American subsidiary saw its market share minnkandi significantly last month.
Amid the current regulatory crackdown on the crypto industry in the U.S., blockchain firm Rippleer að hluta dómsvinningur in a lawsuit with the SEC over its XRP token as well as the securities regulator’s decision to formally samþykkja financial giant Blackrock’s application for a spot bitcoin ETF have given cause for optimism.
Finnst þér Binance will be successful in its attempt to have the CFTC’s complaint dismissed? Share your expectations in the comments section below.
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