Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity.
SEC Files Emergency Motion to Freeze Assets Held by BAM Management US Holdings and BAM Trading Services
The U.S. Securities and Exchange Commission (SEC) took decisive action on Tuesday by filing an emergency motion. This motion urgently requests a temporary restraining order from the court, aimed at freezing the assets under the control of BAM Management US Holdings and BAM Trading Services. These are the primary operating entities responsible for managing Binance US, a U.S. subsidiary of the prominent cryptocurrency exchange Binance.
In addition, the order explicitly forbids Binance from engaging in any activities that could lead to the destruction, alteration, or concealment of pertinent records. Anoth
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