Binance and the U.S. Securities and Exchange Commission (SEC) struck a deal to avoid the freezing of the crypto exchange’s assets in the United States. Under an emergency relief secured by the regulator, Binance agreed to repatriate to the U.S. funds held on behalf of customers of its American subsidiary.
Binance US Users to Be Able to Withdraw Funds as Agreement With SEC Helps Avoid Asset Freeze
The U.S. securities regulator announced on Saturday it has secured an emergency relief in which all entities responsible for operating Binance US and the founder of the world’s largest crypto exchange, Changpeng Zhao (CZ), agreed to repatriate to the U.S. assets held for the benefit of customers of the American unit.
The order from the United States District Court for the District of Columbia helps ensure that Binance US users are permitted to withdraw their assets from the trading platform, the SEC emphasized. Also, the assets kept on Binance US will be protected and remain in the United
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