2nd Circ.'s Binance Locus Test Adds Risk For Blockchain Cos.

By Andrew Balthazor, Jessica Magee and Shardul Desai (March 20, 2024, 3:56 PM EDT) -- On March 8, the U.S. Court of Appeals for the Second Circuit issued its decision in Lee v. Binance, reversing the district court's dismissal of a private securities class action against the Binance Holdings Ltd. cryptocurrency exchange — breathing new life to the case and sending it back to the district court for further litigation.[1]...

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