SEC asks court to freeze Binance's US assets - Search
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  2. The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and seeking other emergency relief against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao, to ensure...

    www.sec.gov/news/press-release/2023-103
    The SEC has requested an emergency order from a federal judge in Washington, D.C., to freeze the assets of Binance's U.S. subsidiary, known as Binance.US. The SEC alleges Binance and its founder, Changpeng Zhao, have demonstrated a "disregard" for U.S. law.
    www.investopedia.com/sec-files-to-freeze-binance …
     
  3. People also ask
    Will the SEC freeze Binance assets in June?The SEC asked a federal court to issue a temporary restraining order to freeze the US assets of Binance in early June, Reuters reported . When reached for comment, Binance.US directed CNN to a Twitter thread on Sunday, which stated the company was looking forward to continuing defending itself in court.
    Why did the SEC freeze Binance?The industry has long been scrutinized for a lack of regulatory oversight. The SEC asked a federal court to issue a temporary restraining order to freeze the US assets of Binance in early June, Reuters reported .
    Will Binance restraining order freeze assets?The U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US on Tuesday. A court filing made in the D.C. District Court asks for approval to freeze assets tied to BAM Management US Holdings and BAM Trading Services, the holding and operating firms for Binance.US.
    Why did the SEC request a freeze?What they're saying: "The SEC respectfully submits that this relief is necessary on an expedited basis to ensure the safety of customer assets and prevent the dissipation of available assets for any judgment," the commission wrote in its filing. The intent to seek the asset freeze was noted in the regulator's complaint Monday.
     
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    WebJun 6, 2023, 1:48 PM PDT. Nick Barclay / The Verge. The Securities and Exchange Commission is trying to freeze the assets of Binance, the world’s largest cryptocurrency exchange. In an...

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