TechFlow news, according to Reuters, a U.S. federal appeals court on Friday revived a lawsuit in which investors accused Binance of violating U.S. securities laws by selling unregistered tokens that lost most of their value.
The U.S. Court of Appeals for the Second Circuit ruled 3-0 that the proposed class action falls under U.S. securities law, because once investors completed their payments on Binance, the tokens they purchased became irrevocably available in the United States.
Binance and its lawyers did not immediately respond to requests for comment.
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