Binance CEO Changpeng “CZ” Zhao and his cryptocurrency exchange have filed a joint motion to dismiss the United States Securities and Exchange Commission (SEC) lawsuit against them.

According to a Sept. 21 filing in the United States District Court for the District of Columbia, both Binance Holdings and Zhao claimed that the SEC had overstepped its authority in the lawsuit against them.

Binance Holdings and CZ’s joint motion to dismiss the SEC lawsuit made against them. Source: CourtListener