Binance wins dismissal of class action over 2018 tokens that tanked By Cointelegraph
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A federal judge has dismissed a class action complaint asserting Binance violated United States securities laws by not registering as a broker-dealer or exchange and sold crypto tokens that were not registered with the US Securities and Exchange Commission (SEC).
The original complaint filed in the US District Court for the Southern District of New York was brought by a group of investors who say they invested in the tokens, BNT, SNT, QSP, KNC, TRX, FUN, ICX, OMG, LEND, ELF and CVC around 2017 and 2018. An amended complaint was filed, only listing nine tokens, with BNT, SMT and CVC removed.
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