A New York judge has blocked Binance's attempt to force U.S. crypto claims into arbitration, according to reports. The ruling prevents Binance from moving pre-2019 investor claims to private arbitration in Singapore. The development means the claims will remain in open court. This decision marks a setback for Binance in its efforts to resolve legal disputes outside of the U.S. judicial system. The case highlights the ongoing regulatory and legal challenges faced by crypto exchanges operating in the United States.

A New York judge has blocked Binance's attempt to force U.S. crypto claims into arbitration, according to reports. The ruling prevents Binance from moving pre-2019 investor claims to private arbitration in Singapore. The development means the claims will remain in open court. This decision marks a setback for Binance in its efforts to resolve legal disputes outside of the U.S. judicial system. The case highlights the ongoing regulatory and legal challenges faced by crypto exchanges operating in the United States.