The U.S. Commodities Futures Trading Commission alleged that Binance and CEO Changpeng Zhao placed profits over policy compliance. CZ refitted the claims from the lawsuit filed in March, questioning the so-called facts and issues outlined by the CFTC. The major exchange and its CEO are also facing a lawsuit from the U.S. SEC alleging securities violations among a basket of other charges. CEO Changpeng Zhao along with his group of companies including Binance plan to file a motion to dismiss
