Binance applies to US court to transfer members of the class action lawsuit accusing it of selling securities to arbitration According to Cointelegraph, Binance has filed a request with a US federal judge to refer all members of a class action lawsuit to arbitration. The lawsuit accuses Binance of selling unregistered securities. Binance argues that users have waived their right to class action when agreeing to its terms of service and have committed to resolving disputes through arbitration. The document submitted to the Federal Court of New York on May 16th shows that Binance claims its terms of service include arbitration clauses and class action exemption clauses, applicable to users registered after February 20, 2019. Previously, Judge Andrew Carter partially rejected Binance's arbitration request involving users who purchased tokens between April 2017 and February 2019. In March 2022, the judge dismissed the case, but in March 2024, the US Second Circuit Court of Appeals overturned the ruling, and the Supreme Court also refused to hear Binance's appeal. In November 2023, Binance reached a settlement with the US Securities and Exchange Commission (SEC) for $4.3 billion on similar allegations. In April 2024, Binance also faced a class action lawsuit in Canada over allegations of securities violations prior to its exit from the country's market.