Crypto exchange Binance is requesting a US federal judge to compel all members of a class-action lawsuit accusing it of selling securities to arbitration. Binance argues that the group waived their right to form a class action under the company's terms. The exchange claims that its terms of service, agreed to by the class group, include clauses mandating arbitration for all claims and prohibiting class actions against the exchange. Despite a previous denial by Judge Andrew Carter, Binance maintains that the 2019 Terms of Use, which introduced the arbitration clause, should apply to all claims. The legal dispute escalated after the US Court of Appeals overturned a previous ruling in 2024. Binance's legal challenges in the US have intensified since the SEC lawsuit in 2023, culminating in a $4.3 billion settlement. Additionally, a class action in Canada was filed following Binance's exit from the country in 2023. Read more AI-generated news on: https://app.chaingpt.org/news

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