In a blog post Monday, Binance CEO Changpeng Zhao wrote that the exchange giant did not agree with 'the characterization of many of the issues alleged' in a lawsuit filed earlier in the day by the CFTC. JPRubin23 reports
, CFTC Chief Counsel Gretchen Lowe called Binance’s actions “willful evasion of U.S. law,” pointing to internal chats and emails.
In his blog post, Zhao highlighted Binance’s 90-day, no-day-trading policy, writing that employees “are not allowed to sell a coin within 90 days of” their most recent purchases, or the reverse. “This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures,” Zhao wrote.
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