The international crypto giant asked a judge to dismiss civil charges in one of the two major enforcement cases it faces in the U.S.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.International crypto giant Binance has asked a federal judge to dismiss charges brought against the firm by the Commodity Futures Trading Commission.
In motions filed late Thursday, Binance and former chief compliance officer Samuel Lim claimed that the CFTC did not have jurisdiction for several of the charges it levied against the company, principal owner and CEO Changpeng 'CZ' Zhao and Lim in a March enforcement action. "What little the complaint says about Mr. Lim relates to things he is supposed to have done or failed to do abroad," a 17 page memorandum in support of Lim's motion to dismiss reads."None of those allegations make the necessary link between Mr. Lim, this country, and this case."
Binance also claims that some of the charges brought against the company by the CFTC are"impermissibly extraterritorial" because the main company is not based in the U.S. The civil case, brought in March, largely revolves around allegations that Binance’s main trading platform knowingly operated in the U.S. illegally, as well as accusing the company of allowing other types of illegal transactions to happen on its platform. The motion to dismiss is a standard tactic by defendants in cases brought against them in the U.S., and