9th Circuit: DAO Partners Too Late For Arbitration Against Token Purchasers

( October 24, 2025, 11:42 AM EDT) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel held that the partners of a decentralized anonymous organization that sold tokens filed too late their motion to compel arbitration in token purchasers’ class action against them for allegedly selling unregistered securities, and even if not, the subject arbitration agreement did not allow nonsignatories to the agreement to compel arbitration....