SEC Seeks to Freeze Binance.US Assets and Protect Customer Funds
- SEC in emergency application for temporary restraining order
- Binance.US says agency’s filing for injunction ‘unwarranted’
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The Securities and Exchange Commission said it’s seeking to freeze Binance.US’s assets and protect customer funds, including through the repatriation of client investments held abroad.
The agency said Tuesday it filed an emergency action application to a court for a temporary restraining order. The regulator also asked the judge to back steps to “ensure that Binance.US customers’ assets are protected and remain in the US through the resolution of the SEC’s pending litigation of this matter.”