Binance, CEO plan to seek dismissal of CFTC complaint

FILE PHOTO: Zhao Changpeng, founder and chief executive officer of Binance attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier/File Photo

(Reuters) -Binance and its CEO, Changpeng Zhao, are planning to seek the dismissal of a regulator's complaint, accusing it of violating the Commodity Exchange Act and certain related federal regulations, the company's court filing showed on Monday

Binance is due to submit its response to the Commodity Futures Trading Commission (CFTC) complaint on July 27 and plans to seek dismissal, according to the filing.