Odaily Planet Daily News Binance CEO CZ responded to the CFTC's civil lawsuit on the official website. Binance has been working with the CFTC for more than two years and expressed disappointment in its civil lawsuit. "Upon preliminary review, the complaint appears to contain an incomplete statement of facts, and we disagree with the description of many issues," including compliance technology and prohibition of access by US users, cooperation and transparency with law enforcement, registration and licensing, and trading. He said that Binance.com has developed first-class technology to ensure compliance. Binance blocks US customers through a variety of means such as nationality, IP address, mobile operator, device fingerprint, bank deposits and withdrawals, blockchain deposits and withdrawals, and credit card bank identification codes. Binance is committed to maintaining cooperation with regulators and law enforcement agencies in the United States and around the world. Binance currently has a compliance team of more than 750 people, many of whom have backgrounds in law enforcement and regulatory agencies. To date, Binance has processed more than 55,000 requests from law enforcement agencies and assisted US law enforcement agencies in freezing/seizing $160 million in funds in 2023. Binance currently has 16 licenses/registrations worldwide, the largest number among exchanges, and is still increasing. Binance will not "manipulate" the market under any circumstances. Binance's revenue is in the form of cryptocurrencies, which need to be converted into fiat or other cryptocurrencies from time to time to pay expenses. Binance has subsidiaries that provide liquidity for trading pairs with poor liquidity, and these subsidiaries are specially monitored and are not allowed to make huge profits. In addition, as for him personally, he has two accounts at Binance, one for Binance Card and one for holding crypto assets. He stores cryptocurrencies on Binance.com and needs to convert cryptocurrencies from time to time to pay his personal expenses. Binance has a "90-day trading ban" rule for employees, which prohibits selling within 90 days of purchasing cryptocurrencies, and vice versa. In addition, Binance prohibits employees from futures trading. CZ said that he himself strictly abides by these policies and has never participated in Binance Launchpad, Earn, margin or futures trading.