#美国PPI温和上涨 Binance Faces Class Action and Numerous Legal Challenges

The U.S. Supreme Court recently rejected Binance and its founder Changpeng Zhao's appeal, upholding the lower court's ruling that confirms the applicability of U.S. securities law to the cryptocurrency exchange. In this class action lawsuit, investors accuse Binance of illegally selling unregistered tokens, causing a significant drop in the value of these tokens. Following the Supreme Court's rejection of the review request on January 13, 2025, the lower court's ruling continues to be in effect. Although Binance does not have a physical headquarters in the U.S., the lower court determined that the tokens purchased by investors in the U.S. and transactions conducted through U.S. servers make U.S. securities law applicable to it.