The world’s largest crypto exchange wants the 'incendiary' lawsuit to be dismissed.
Binance is once again fighting off regulators, claiming the Commodity Futures Trading Commission’s lawsuit is an overreach of U.S. law. The largest cryptocurrency exchange in the world says the agency is trying to regulate foreign individuals and corporations operating outside the US. “U.S. law governs domestically but does not control the world. Congress did not make the CFTC the world’s derivatives police,” Binance said in an Illinois court filing on Monday as first spotted by Coindesk.
It says the CFTC’s attack on non-US defendants is “a Trojan horse in order to achieve worldwide regulatory reach—which would have consequences far beyond this case,” in the Monday filing. However, Binance is facing regulation from more than one US regulator, including a lawsuit from the SEC and a Department of Justice probe. Binance and the CFTC did not immediately respond to Gizmodo’s request for comment. Binance’s latest pushback against U.S.
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