Binance and CEO Zhao Plan to Seek Dismissal of CFTC Complaint – Bloomberg

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Binance, Billionaire Zhao to Seek Dismissal of CFTC Lawsuit
Changpeng Zhao
Binance Holdings Ltd., its founder Changpeng Zhao and the crypto exchange’s former Chief Compliance Officer Samuel Lim plan to seek the dismissal of a Commodity Futures Trading Commission lawsuit.
The response to the CFTC complaint is due July 27 and the defendants intend to submit motions to dismiss, according to a court filing on Monday. They also sought permission to exceed a 15-page limit on supporting briefs, citing the complexity of the case and the number of arguments they anticipate making.

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