The US Supreme Court ruled that a class action lawsuit against Binance can proceed, rejecting the exchange’s claim of no jurisdiction. Former investors accuse Binance of selling unregistered tokens. The suit involves users who bought tokens like ELF, EOS, and TRX after 2017. This civil case adds to Binance’s legal challenges, including criminal charges. The ruling parallels a recent Nvidia case, signaling tough odds for Binance. Clemency from Trump is unlikely.
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