🚀DeFi fans, gather 'round! Binance is fighting back against the CFTC's lawsuit, claiming the regulator is overreaching its jurisdiction.🌍 After all, Binance doesn't operate in the US, and CEO CZ doesn't even live there!🏠

🤔The first 6 charges don't apply to foreign conduct, and the 7th charge (evading the Commodity Exchange Act) should be dismissed too. Binance says the CFTC has no authority over spot trading, even in the US.🚫

🔍The CFTC sued Binance in March, alleging unregistered derivatives products in the US, among other things. Binance is also facing a lawsuit from the SEC.👩‍⚖️

🎉But hey, we're optimistic! Let's discuss in the comments: will Binance come out on top?🥇 Or will the regulators rain on our crypto parade?☔ #DeFi #Web3