A federal judge has actually dismissed a class action grievance asserting Binance broke United States securities laws by not signing up as a broker-dealer or exchange and offered crypto tokens that were not signed up with the U.S. Securities and Exchange Commission (SEC).
The initial grievance submitted in the U.S. District Court for the Southern District of New York was brought by a group of financiers who state they bought the tokens , BNT, SNT, QSP, KNC, TRX, ENJOYABLE, ICX, OMG, LEND, FAIRY and CVC around 2017 and 2018. An modified grievance was submitted, just noting 9 tokens, with BNT, SMT and CVC eliminated.
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