New York Judge Blocks Binance Bid to Push U.S. Crypto Claims into Arbitration
A New York judge has rejected Binance’s attempt to push U.S. customers’ crypto claims into arbitration, keeping the case in federal court and preserving access to public litigation channels. The ruling is a clear signal that the plaintiffs can stay in the judicial forum rather than being redirected into a private dispute process.
New York Prosecutors Said GENIUS Act Undermined Fraud Enforcement for Stablecoin Issuers
New York prosecutors are warning that the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) could unintentionally make it harder to pursue fraud tied to stablecoins. Their core message is that the law’s structure may dilute both criminal and civil remedies for users by leaving enforcement pathways less direct than existing fraud […]