Binance.US and SEC Agree to Deal that Suspends Complete Asset Freeze and Allows Operations to Continue

Coinspeaker
Binance.US and SEC Agree to Deal that Suspends Complete Asset Freeze and Allows Operations to Continue
Binance US and the US Securities and Exchange Commission (SEC) have agreed to work on a deal that would not require a total asset freeze on the exchange. A Bloomberg report says the deal will allow the SEC lawsuit to continue without hurting Binance or user funds.
According to US District Judge Amy Berman Jackson, Binance.US and the SEC agree that customers must maintain access to their funds regardless of the problem between both entities. The SEC had requested that the court freeze Binance.US assets after it accused the exchange of misappropriating user funds and violating multiple regulations.
Judge Jackson asked both parties to work on the deal and handed the “nitty-gritty” to a magistrate judge.
Complete Binance.US Shutdown as Requested by the SEC
Judge Jackson agreed with the Binance.US attorney that a complete shutdown would be disastrous. At the hearing, she

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