Binance wants arbitration for all members of securities class suit

May 20, 2025

, By Cointelegraph

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Crypto exchange Binance has asked a US federal judge to send all members of a class-action lawsuit alleging it sold securities to arbitration, arguing that the group waived their ability to form a class action under the company’s terms.

The exchange said in a May 16 filing to a New York federal court that its terms of service, which it claimed the class group agreed to, has a clause that users agree to arbitrate all claims, along with a clause preventing users from launching class actions against the data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/crypto-exchanges-explained” title=”null”>crypto exchange.

“The Court should hold that…

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Binance wants arbitration for all members of securities class suit

May 20, 2025

, Published By Cointelegraph

Crypto exchange Binance has asked a US federal judge to send all members of a class-action lawsuit alleging it sold securities to arbitration, arguing that the group waived their ability to form a class action under the company’s terms.

The exchange said in a May 16 filing to a New York federal court that its terms of service, which it claimed the class group agreed to, has a clause that users agree to arbitrate all claims, along with a clause preventing users from launching class actions against the data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/crypto-exchanges-explained” title=”null”>crypto exchange.

“The Court should hold that…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Strategy buys 7,390 bitcoins for $765m in treasury push

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