Binance.US, SEC Working on Deal to Avoid Full Asset Freeze

Binance.US, SEC Working on Deal to Avoid Full Asset Freeze



Binance.US and the SEC have reached an agreement to prevent a complete freeze of assets at the cryptocurrency trading platform. The SEC has accused the platform of operating illegally.



On Tuesday, US District Judge Amy Berman Jackson stated that both parties are relatively close to finding solutions that would safeguard customer funds, allowing the exchange to continue operating while the SEC's lawsuit progresses. She recommended that they seek the assistance of a magistrate judge to negotiate a compromise agreement.



Related: SEC sues Binance and CZ for securities violations



“The nitty-gritty of it is better handled by you than by me,” Jackson said during a hearing in Washington. The judge said if a deal is struck, she would no longer need to rule on the SEC’s request for a temporary restraining order.  



During the hea


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#Binancce, #Cryptonewstoday, #Regulations, #SEC, #USA

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