Summary
- The U.S. Supreme Court has reportedly dismissed Binance's appeal regarding the unregistered token sales lawsuit.
- Binance claimed it was based overseas and not subject to U.S. securities laws, but the appeal was dismissed.
- If the court rules in favor of the investors, Binance may have to pay damages or compensation.
According to the cryptocurrency-focused media outlet Crypto Briefing on the 13th (local time), the U.S. Supreme Court has dismissed Binance's appeal related to the unregistered token sales lawsuit. Previously, Binance had filed an appeal arguing that, as an exchange based overseas, U.S. securities laws do not apply to it. The media stated, "This ruling allows investors to proceed with lawsuits related to the case," and explained, "If the court rules in favor of the investors, Binance may have to pay damages or compensation to the token purchasers." 
JH Kim
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