The U.S. Securities and Exchange Commission and Binance have reached an agreement in court that lets the world's largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges.
FILE - The Binance app icon is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. The U.S. Securities and Exchange Commission and Binance have reached an agreement in court, Saturday, June 17, that lets the world's largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges.
FILE - The Binance app icon is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. The U.S. Securities and Exchange Commission and Binance have reached an agreement in court, Saturday, June 17, that lets the world's largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges.
The U.S. Securities and Exchange Commission and Binance have reached an agreement in court that lets the world’s largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges. Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the benefit of Binance’s U.S. trading customers.
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Binance and the SEC agree to allow only U.S. employees to access customer fundsBinance, Binance.US and the SEC agreed to ensure that only Binance.US employees could access customer funds in the short term, according to court documents.
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Binance.U.S. Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’The U.S. affiliate of binance has laid off part of its staff roughly a week after the sec filed a lawsuit against the exchange. HeleneBraunn reports
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Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back OnshoreThe SECGov, binance and binanceUS have announced a proposed agreement to ensure that U.S. customer funds can only be accessed by the U.S.-based crypto trading platform. The agreement needs judicial sign-off. nikhileshde reports
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