NEW YORK, March 31- US Federal judge dismissed a lawsuit filed in 2018 against the world’s biggest cryptocurrency exchange by trading volume, Binance.
Binance was accused of violating the U.S. Securities Act and not being registered as an exchange in America.
A federal judge dismissed a lawsuit against the largest cryptocurrency exchange by trading volume. Binance was accused of violating the Securities Act (selling crypto-tokens not registered with the U.S. Securities and Exchange Commission) and of refusing to register as a broker or exchange in the United States.
The complaint, originally filed in the U.S. District Court for the Southern District of New York, was filed by a group of investors who claim to have invested in EOS, BNT, SNT, QSP, KNC, TRX, FUN, ICX, OMG, LEND, ELF and CVC tokens around 2017 and 2018. An amended complaint was later filed listing only nine tokens, and BNT, SMT, and CVC were removed.
Investors claimed that the tokens had lost most of their value since
