The Second Circuit Court has ruled that Binance must face a class action lawsuit brought by U.S.-based cryptocurrency investors. The investors allege that Binance allowed them to purchase and trade unregistered securities in the form of cryptocurrencies, despite Binance's claim of being head-quartered nowhere and not subject to US laws. In response to increasing regulatory scrutiny, Binance has announced changes to its policy for listing new digital tokens. These changes include tightening requirements to enhance investor protections on its platform. Specifically, crypto projects seeking to list new tokens on Binance are now subject to a significantly longer cliff period, during which no tokens can be sold, and extending partial coin supply lockups to at least a year. Additionally, these projects must pay a security deposit.