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CATEGORY: restraining order

Judge Postpones Asset Freeze as Binance US and SEC Agree to Work on Deal
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 14, 2023 10:30

Judge Postpones Asset Freeze as Binance US and SEC Agree to Work on Deal

A judge in Washington decided to give Binance US and the Securities and Exchange Commission (SEC) time to work out a deal to avoid the freezing of the exchange’s assets. The two sides are close to an agreement that will protect customer funds without paralyzing the crypto trading platform. Crypto Exchange Binance US and SEC [...]

The post Judge Postpones Asset Freeze as Binance US and SEC Agree to Work on Deal appeared first on Crypto Breaking News.

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An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 14, 2023 05:50

An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’

Binance fired back at the U.S. Securities and Exchange Commission’s temporary restraining order (TRO) request on Monday, assuring the court that “there is no risk” to customer assets. The exchange’s legal team dismissed the notion of an “emergency,” claiming that it is “manufactured by the SEC for its own purposes.” ‘Why Now?’—Binance Hits Back at [...]

The post An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’ appeared first on Crypto Breaking News.

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SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 07, 2023 05:50

SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns

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 [...]

The post SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns appeared first on Crypto Breaking News.

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