US Judge Allows Binance Class Action on Alleged Unregistered Token Sales to Move Forward
US District Judge Andrew L. Carter Jr. has refused Binance's attempt to compel arbitration, keeping a securities class action over alleged unregistered token sales in federal court. The case, brought by users who opened accounts between September 2017 and April 2018, now advances toward arguments over whether certain tokens traded on Binance fall under US securities laws, while the exchange also faces separate political scrutiny over sanctions and AML concerns.
