SEC and Binance.​​US strike a temporary agreement on asset access

SEC and Binance.​​US strike a temporary agreement on asset access



As per reports, Binance, Binance.US, and the United States Securities and Exchange Commission (SEC) have reportedly reached an agreement on June 16th to temporarily limit access to customer funds exclusively to Binance.US employees.



The proposed agreement, which is subject to approval from the overseeing federal judge, outlines various measures for Binance.US. These measures aim to prevent any access by Binance officials to private keys of wallets, hardware wallets, or root access to Binance.US's Amazon Web Services tools. Additionally, the agreement requires the U.S.-based crypto trading platform to disclose comprehensive information on business expenses, including estimated costs, in the coming weeks.



The agreement is a direct response to a motion filed by the SEC, which sought to freeze all of Binance.US's assets during the


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#Binance, #BinanceUS, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #SEC

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