🚀 Binance files a motion to dismiss the CFTC's lawsuit, asserting:

▪️CFTC's overreach in prosecuting Binance, as it doesn't operate in the US, and CZ is not a US resident.

▪️The first 6 complaints by CFTC "do not apply to alleged foreign conduct."

▪️Several complaints do not meet legal standards set by statutory requirements.

▪️CFTC lacks authority to regulate spot trading, let alone overseas trading.

A critical move in the legal battle. #Binance #CFTC #Cryptocurrency