In the ever-shifting crypto landscape, Binance, the go-to exchange for digital assets along with its power duo, Changpeng “CZ” Zhao (CEO) and erstwhile Head of Compliance, Samuel Lim are quite the force to reckon with! The trio proactively.
In response to the lawsuit flagged off by U.S. Commodity Futures Trading Commission back in March, filed separate motions to dismiss said charges. Moreover, Binance asked court for dispensation from the 15 pager rule to a heftier set of 50 pages– needful in this complex scenario.
The allegations pinpointing lack of protocol & oversight as registered on paper, including claims that Changpeng Zhao knowingly facilitated tussles by US residence on the platform since 2019 (open breach of their laws). Charges dont end here, US- was its round-off punch. Coupled up with the exacerbation from the United States Department of Justice investigation– for “Tousles Traders” malicious contravention of US sanctions.
In the nonstop ride of cryptocurrency– Binance seems to mount its game!
