{
Will Dunham

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supreme court allows lawsuit against binance over unregistered token sales

The U.S. Supreme Court has denied Binance's appeal to dismiss a lawsuit from investors alleging the exchange illegally sold unregistered tokens. The 2nd U.S. Circuit Court of Appeals ruled that U.S. securities laws could apply, as token purchases became irrevocable in the U.S. despite Binance's foreign status. Investors are seeking to recover losses from tokens purchased since 2017, while Binance contends that U.S. laws should not govern its operations.
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CHN USA Changpeng Zhao Jonathan Stempel Will Dunham Richard Teng Show more
Regulatory & Legal, News Article
16:14 13.01.2025
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