2nd Circ.'s Binance Locus Test Adds Risk For Blockchain Cos.
2nd Circ.'s Binance Locus Test Adds Risk For Blockchain Cos. <https://www.law360.com/banking/articles/1814879?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-03-21&read_main=1&nlsidx=0&nlaidx=15> The Second Circuit’s recent use of the irrevocable liability test to rule a class action may proceed against decentralized crypto exchange Binance heightens the possibility that other blockchain-based businesses with domestic customers and digital infrastructure will find themselves subject to U.S. securities laws, say attorneys at Holland & Knight. Opinion attached | Read full article » <https://www.law360.com/banking/articles/1814879?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-03-21&read_more=1&nlsidx=0&nlaidx=15> | Save to favorites » <https://www.law360.com/banking/articles/1814879?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-03-21&read_later=1&nlsidx=0&nlaidx=15>
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Gunnar Larson