The US Supreme Court ruled today that a class action lawsuit against Binance will proceed. The suit is filed by former investors who accused the exchange of illegally selling unregistered tokens.
Binance claimed that the lawsuit was invalid as the US did not have jurisdiction over the issue.
Ethereum is regaining its footing in the market with a strong recovery, drawing attention as it moves toward the critical $3,659 resistance level. This surge comes after a period of consolidation, during which ETH stabilized and built bullish momentum.
The US Commodity Futures Trading Commission (CFTC) has reportedly issued a subpoena to Coinbase, the largest US-based crypto exchange.
Per the report, the commodities regulator seeks information related to the crypto-based prediction market platform Polymarket.