Binance US and SEC Reach Mutual Agreement on User Funds
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Binance U.S. and the Securities and Exchange Commission (SEC) have reached an agreement to repatriate customer funds to the United States. The deal means Binance has avoided having its assets frozen and will be able to continue serving its U.S. customers. SEC Requires Binance to Repatriate U.S. Customer Funds The last-minute deal came after Judge Amy Berman Jackson ordered the two parties to work together. Originally, the SEC had sought a court order to freeze funds, arguing that it was necessary to: “prevent dissipation or transfer of those assets from the jurisdiction of this Court, and protect this Court’s ability
In recent times, the Securities and Exchange Commission (SEC) has intensified its scrutiny of crypto businesses, casting a watchful eye on major exchanges like Binance and Coinbase. The SEC accuses these platforms of engaging in the sale of unregistered securities, a move that has stirred controversy within the crypto community.…
The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against crypto exchange Binance. This puts an end to one of its most high-profile enforcement actions in the crypto space. Joint Dismissal Motion “Huge win for crypto today. The SEC’s case against us is dismissed,” Binance revealed in…