In a landmark ruling, the 2nd US Circuit Court of Appeals in Manhattan has revived a lawsuit against the world’s largest cryptocurrency exchange, Binance. Initially dismissed in March 2022, the lawsuit was reinstated, opening a significant chapter in the intersection of cryptocurrency and US securities laws. In a 3-0 unanimous ruling, the court of appeal ruled in favour of the class action investors that US securities laws could apply to their case. The issue was the non-reversibility of the purchases of the tokens that took place within the United States, meaning that these transactions were subject to domestic rules.