On the late Friday, The Crypto Council for Innovation, Blockchain Association, Chamber of Digital Commerce, and DeFi Education Fund all submitted amicus briefs.
Terraform Labs contended that the sale of UST to retail investors did not involve any contractual obligations.
In March, the CFTC filed a lawsuit against Binance, along with its founder Changpeng Zhao and compliance officer Samuel Lim, in a U.S. court located in Illinois. The lawsuit accused the exchange of running a derivatives trading operation within the U.S.
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