Binance Faces Legal Showdown as Appeals Court Revives Lawsuit on Violation of US Securities Laws
New York City, USA – The 2nd US Circuit Court of Appeals in Manhattan has revived a lawsuit against Binance, the leading global cryptocurrency exchange. The lawsuit alleges that Binance violated US securities laws by selling unregistered tokens, resulting in significant financial losses for investors. The court has categorised token purchases in the US under US securities laws, as they cannot be cancelled once bought. However, Binance contends that these claims are outside the jurisdiction of the United States. This legal battle carries high-stakes implications with global ramifications. In a recent unanimous 3-0 decision, the … Read more