Court Rejects Binance’s Class Action Waiver Argument
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In a separate blow to Binance, the court ruled that a US class action waiver buried in a section heading of its 2019 terms was unenforceable. Judge Andrew Carter Jr. held that the contract did not clearly outline the waiver’s terms and therefore had to be interpreted narrowly against Binance as the drafter.
The decision highlights growing judicial scrutiny over how crypto platforms structure their user agreements. As the case proceeds in the Southern District of New York, it could set an important precedent for how online financial platforms update terms — and whether they can retroactively limit customers’ rights through revised digital contracts.