The post Binance Tries Again to Move Securities Case Out of US Courts appeared on BitcoinEthereumNews.com.

This latest development is the latest chapter in a years-long legal saga that reached the Supreme Court, which declined to hear Binance’s appeal. Meanwhile, Coinbase is under investigation by the US Department of Justice after a data breach involving bribed customer support agents led to estimated user losses of up to $400 million. The breach also helped facilitate a number of scams, and triggered multiple lawsuits and intensified scrutiny from the SEC. In Australia, a court ruling may revolutionize crypto tax law by declaring Bitcoin a form of money rather than property. The ruling could potentially unlock up to $1 billion AUD in capital gains tax refunds. It is also expected that the decision could set a global precedent if upheld. Binance Argues Lawsuit Must Go Crypto exchange Binance renewed its push to move a US class-action lawsuit to arbitration, and recently pointed out that users agreed to waive their rights to sue as a group under its terms of service. In a May 16 filing to a federal court in New York, Binance argued that its 2019 Terms of Use include a binding arbitration clause, which should apply to all claims that arose after Feb. 20, 2019. The company also stated that these terms contain a class-action waiver that should cover all the plaintiffs’ claims.  Part of Binance’s filing (Source: PACER) This comes in response to a prior ruling by Judge Andrew Carter, who in March declined to send all claims to arbitration—particularly for users who bought digital tokens on Binance between April of 2017 and February of 2019. The judge also partially denied Binance’s arbitration request for post-2019 claims, pending further clarification on how broadly the arbitration clause should be applied. In its latest argument, Binance said that its earlier terms of service already reserved the right to…

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Filed under: News - @ May 20, 2025 11:23 am