News Explorer — Binance Defends Itself Against CFTC Charges, Says Agency Is Trying to Regulate Crypto Activities Worldwide

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Oct 24, 9:58 am

Coindesk

Binance Defends Itself Against CFTC Charges, Says Agency Is Trying to Regulate Crypto Activities Worldwide

Binance is pushing back against charges from the U.S. Commodity Futures Trading Commission (CFTC), arguing that the agency is overstepping its jurisdiction. The exchange claims that the CFTC is attempting to regulate cryptocurrency activities globally, which goes beyond the scope of U.S. law. Binance also accuses the agency of using inflammatory language and targeting the company and its CEO, Changpeng Zhao.

Binance is pushing back against charges from the U.S. Commodity Futures Trading Commission (CFTC), arguing that the agency is overstepping its jurisdiction. The exchange claims that the CFTC is attempting to regulate cryptocurrency activities globally, which goes beyond the scope of U.S. law. Binance also accuses the agency of using inflammatory language and targeting the company and its CEO, Changpeng Zhao.

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