The legal clash between Binance, the world’s largest crypto exchange, and the United States Commodity Futures Trading Commission (CFTC) is reaching a critical juncture. A recent court document has shed light on the next steps in this high-stakes confrontation, setting crucial deadlines that could significantly impact the outcome of the case.
Binance Vs. CFTC: Here’s What’s Next
According to a minute entry before the Honorable Manish S. Shah, the court has mandated specific timelines for both parties involved. The defendants, Binance, CEO Changpeng “CZ” Zhao, and former chief compliance officer Samuel Lim, are expected to file their motions to dismiss the lawsuit by July 27, 2023.
A Monday court filing revealed that Binance and CEO Changpeng Zhao plan to submit a motion to dismiss the complaint filed by the CFTC in a Chicago federal court. In contrast, the plaintiff, CFTC, has been granted an extension, and its response is now due on September 22, 2023, with the liberty to use
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