US Judge Blocks Binance Bid to Arbitrate User Claims

A US judge has rejected Binance's attempt to compel users' claims into arbitration, a move that could impact the crypto exchange's operations in the US.

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The ruling is part of an ongoing dispute between Binance and some of its users, who have filed lawsuits against the company. The judge's decision means that these cases will proceed in court rather than being resolved through arbitration.

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This development comes as Binance faces multiple inquiries and investigations in the US, including a new inquiry by Senator Richard Blumenthal into the company's sanctions enforcement practices.