Cryptocurrency exchange Binance, CEO Changpeng Zhao plan to seek dismissal of CFTC complaint

Cryptocurrency exchange Binance, and its chief executive officer and founder Changpeng Zhao are planning to seek dismissal of a Commodity Futures Trading Commission (CFTC) complaint accusing the exchange of violating the Commodity Exchange Act and certain related federal regulations.

Binance is due to submit its response to the CFTC complaint on July 27 and plans to seek dismissal, according to a court filing on Monday.