Binance Crypto Exchange asked the American federal judge to send all members of a collective lawsuit in which arbitration sold it with securities, arguing that the group gave up the ability to formulate a collective action in accordance with the company’s terms.
The stock exchange said in the Federal Court in Fresh York that its conditions for providing services, which, as claimed, the class group agreed, has a clause that users agree to arbitration of all claims, together with a clause preventing users from launching class activities against the exchange of cryptocurrencies.
“The Court should recognize that the plaintiffs are obliged to arbitration of claims, which after February 20, 2019, even if the court warns the original decision on the claims that were calculated earlier and that collective waiver of use in the conditions of use in 2019 is feasible for the claims of all reasons,” Binance said.
In March, judge Andrew Carter negative Binance’s request to send all collective claims to arbitration for users who bought tokens on the stock exchange between April 1, 2017 and February 20, 2019, and partly denied the application users who bought tokens after 2019, until it was possible to make decisions for an arbitration clause.
Binance said in his latest reports that he updated his conditions in February 2019 to include the arbitration clause and argued that the earlier version of the service conditions contained a clause that informed users that Binance could change the conditions if necessary without any individual notification.
The binance case was previously dismissed
Judge Carter on the Binance side and rejected the lawsuit in March 2022. Binance argued that this is not for American provisions regarding securities, because there is no physical headquarters in the country.
The US Court of Appeal for the second region annulled this decision in March 2024, and the Supreme Court refused to consider Binance’s appeal in January.
Related: The US referee takes the Binance lawsuit to Florida, citing the first to the file
The legal enthusiasm of Binance in the US escalated from mid -2023, when the Securities and stock exchanges committee sued the company for the sale of unregistered securities, which was settled for $ 4.3 billion in November 2023.
In April 2024, in April 2024, Binance was also hit in Canada for the alleged violation of the provisions regarding securities after the announcement of the departure from the country in May 2023.
Warehouse: Arthur Hayes $ 1 million Bitcoin Tip, Altcoins “Potisły Rally” Krosna: Hodler’s Digest, May 11-17
