• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, May 20, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

The Latest court battle between Binance and CFTC

by Om Chaturvedi
April 2, 2023
in Crypto
Reading Time: 2 mins read
0
Binance

Credits: REUTERS

TwitterWhatsappLinkedin

In the latest court battle between Binance and the U.S. Commodity Futures Trading Commission (CFTC), the two sides continue to dispute the regulatory authority of the CFTC over cryptocurrency trading platforms.

You might also like

XRP News Today: Why Holders Are Flocking XY Miners Earn $7,880 a Day

Best Crypto Pre-sales: AurealOne Is the New Frontier- Join the DLUME Movement Before It Goes Mainstream!!

Market Mayhem: Crypto Loses $100 Billion in One Session

On March 29th, Binance filed a motion to dismiss the CFTC’s lawsuit against the exchange, arguing that the regulator has no authority over its operations because Binance is not based in the United States and does not offer its services to U.S. customers.

The CFTC, on the other hand, argues that Binance has been offering illegal derivatives trading services to U.S. customers and therefore falls under its regulatory jurisdiction.

Binance
Pic credits: Getty Images

This latest legal battle between Binance and the CFTC began in March of 2021 when the regulator filed a lawsuit against the exchange alleging that it had violated U.S. derivatives trading laws. The CFTC claims that Binance had offered U.S. customers access to its trading platform, including the ability to trade cryptocurrency futures and options contracts, without being registered with the agency.

In response to the CFTC’s lawsuit, Binance had previously argued that the regulator’s claims were based on “unsupported legal theory and incorrect interpretation of facts.” The exchange also claimed that the CFTC did not have jurisdiction over its operations because it is based outside the United States.

The latest motion to dismiss filed by Binance expands on these arguments, stating that the CFTC’s complaint fails to allege any specific conduct by Binance that would give rise to the CFTC’s claimed authority. The motion also argues that the CFTC’s allegations are based on a flawed interpretation of the Commodity Exchange Act, the law that governs the regulation of derivatives trading in the United States.

Binance
Credits: Bitcoin News

The CFTC, however, maintains that Binance has violated the Commodity Exchange Act by offering illegal derivatives trading services to U.S. customers without registering with the agency. The regulator also claims that Binance has made false and misleading statements about its regulatory compliance in an effort to deceive U.S. customers.

This latest court battle between Binance and the CFTC highlights the ongoing regulatory challenges facing cryptocurrency trading platforms. As the use of cryptocurrency continues to grow, regulators around the world are grappling with how to effectively regulate this new asset class.

The outcome of this case could have significant implications for the regulation of cryptocurrency trading in the United States and beyond. It remains to be seen whether the court will ultimately side with Binance or the CFTC in this legal battle.

Tags: #CFTCBinanceCourt
Tweet54SendShare15
Previous Post

Thousands of ATMs went offline this march; became month with largest shutdown

Next Post

Crypto Exchange Bittrex shuts down U.S. Operations

Om Chaturvedi

Om is a final year Engineering student in Panjab University, Chandigarh. Content Writer by Choice. Special Interest in Crypto, Metaverse and AI. Three Years of Experience in writing and ambitious to bring change with Pen & thoughts.

Recommended For You

XRP News Today: Why Holders Are Flocking XY Miners Earn $7,880 a Day

by Techstory
May 20, 2025
0
XRP News Today: Why Holders Are Flocking XY Miners Earn $7,880 a Day

In an era where artificial intelligence and automation are reshaping the way wealth is created, more and more investors are looking for smarter ways to make money -...

Read more

Best Crypto Pre-sales: AurealOne Is the New Frontier- Join the DLUME Movement Before It Goes Mainstream!!

by Techstory
May 20, 2025
0
Best Cryptos To Buy Now: Game On with AurealOne- The Presale Revolution Powering Blockchain Gaming!!

As blockchain technology changes existing industries, the year 2025 is looking important for those considering investing in crypto. Presale tokens are becoming popular among people who need solid...

Read more

Market Mayhem: Crypto Loses $100 Billion in One Session

by Anindya Paul
May 19, 2025
0
Bitcoin

On Monday, 19 May 2025, overall cryptocurrency market capitalization dropped by approximately $100 billion after weekend volatility, as an unsuccessful attempt by Bitcoin to go over $105,000 prompted...

Read more
Next Post
Crypto Exchange Bittrex shuts down U.S. Operations

Crypto Exchange Bittrex shuts down U.S. Operations

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?