SECAnd Binance BASEon customer assets agreed.
Recently SEC, Binance USFreezing assets and protecting client funds sued for . opposing this case Binance US, had called for reconciliation.
As a latest development, an announcement came from Binance late last day. Binance has announced that a settlement has taken place between Binance US and the SEC. According to this agreement, Binance Binance will not interfere with US assets.
Binance US and SEC to Submit Settlement to Court
Binance USAnd SECThe settlement between them will be submitted to the court as it requires judicial approval.
Before SEC, Binance BASE He had expressed concern that . Acting on this reasoning, the regulatory body, USA baseddemanded the freezing of the stock market’s assets. Binance US‘s lawyers, on the other hand, called for reconciliation, saying that such a decision would mean the death penalty.
SEC, Binance BASEtook a conciliatory stance. SECAnd Binance BASEAccording to the settlement between Binance US, no assets Binance holdings employee will not be able to access. Thus, there will be a sharp distinction between the global stock market and the US-based stock market. Binance BASE their assets will be moved to wallets inaccessible to employees of the global exchange. Moreover Binance BASE, detailed operating expenses in the coming weeks He will submit it to the SEC.
District of Columbia District Court Judge Amy Berman Jackson told the parties that there should be common ground rather than any prohibitions.
