BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Supreme Court Rejects Binance’s Appeal Over Securities Lawsuit

by Sham
January 13, 2025
in CRYPTO, FEATURED, POLITICS
Reading Time: 3 mins read
A A
5
SHARES
75
VIEWS
Share on XShare in TelegramShare on Reddit
  • Binance and CZ lose U.S. Supreme Court appeal to dismiss securities violation lawsuit.
  • Investors accuse Binance of selling unregistered securities and inadequate risk disclosure.
  • Binance faces mounting legal battles, including a $4.3B DOJ settlement in 2023.

Binance, the world’s largest crypto exchange, and its founder, Changpeng Zhao (CZ), have faced another legal setback. On January 13, the U.S. Supreme Court denied their appeal to dismiss a class-action lawsuit filed by investors alleging securities violations.

JUST IN: Binance $BNB and its founder Changpeng Zhao have lost its U.S. Supreme Court appeal to dismiss its class-action lawsuit alleging the sale of unregistered securities 😳 pic.twitter.com/sHLrrR1lFv

— BlockNews (@blocknewsdotcom) January 13, 2025

The lawsuit accuses Binance of selling unregistered securities, including tokens like TRON (TRX) and EOS, without adequately disclosing associated risks. Investors claim they were misled and are seeking to recover funds tied to these tokens.

Appeals Court Holds Binance Liable for U.S. Transactions

Initially, Binance’s legal team argued that the exchange operated outside the jurisdiction of U.S. securities laws. However, the United States Court of Appeals for the Second Circuit ruled otherwise, noting that the tokens in question were purchased by U.S. investors, making Binance liable. The Supreme Court’s decision to uphold this ruling marks a significant blow to Binance’s legal defense.

This comes as Binance is already grappling with multiple legal challenges, including a $4.3 billion settlement with the Department of Justice (DOJ) in November 2023 over anti-money laundering violations. As part of that settlement, CZ resigned as CEO, spent four months in prison, and agreed to step back from his leadership role.

finance.yahoo.com

Legal Woes Continue for Binance and CZ

The DOJ settlement is separate from this class-action lawsuit and other ongoing legal battles. Binance is also fighting a securities case brought by the U.S. Securities and Exchange Commission (SEC). With the Supreme Court’s decision, the class-action case will proceed, adding to the mounting legal and regulatory pressure on the exchange.

Final Thoughts: Binance Under Scrutiny

For Binance and CZ, the Supreme Court’s rejection is just the latest chapter in a string of legal battles. From unregistered securities allegations to anti-money laundering violations, the challenges facing the crypto giant highlight the intense regulatory scrutiny centralized exchanges face, particularly in the U.S. This will undoubtedly shape the company’s future—and the broader crypto industry—moving forward.

Tags: BinanceChangpeng ZhaoCZSupreme CourtTron
Tweet1ShareShare
Previous Post

Analysts Predict Dogecoin Will Surpass $1 in April 2025: Here is Why

Next Post

SUI Technical Analysis: What Can You Expect From Price Action for the Remainder of January?

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out
FINANCE

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody
FINANCE

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.