Binance and its founder CZ have requested that a US judge dismiss the lawsuit filed by the CFTC.

According to BlockBeats news on July 28th, Binance Holdings Ltd. and its co-founder CZ have requested a US federal judge to dismiss the lawsuit filed by the Commodity Futures Trading Commission (CFTC), as reported by Bloomberg. The lawyers of Binance and CZ submitted a motion to dismiss the case to a Chicago court on Thursday, stating that "in this case, the CFTC attempts to regulate foreign individuals and companies residing and operating outside the United States. This exceeds the limits of its statutory authority and tramples on the deeply rooted principle of courtesy between foreign sovereign nations." The CFTC sued the company and CZ in March this year, accusing them of intentionally taking measures to evade US laws, including allowing US citizens to trade cryptocurrency derivatives on the platform, despite Binance never being registered.