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 that Binance.US customers’ assets are protected and remain in the United States through the resolution of the SEC’s pending litigation of this matter.
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    Will the SEC freeze Binance?The Securities and Exchange Commission is trying to freeze the assets of Binance, the world’s largest cryptocurrency exchange. In an emergency motion for a temporary restraining order filed Tuesday (PDF), the SEC says it has made this decision to “ensure the safety of customer assets.”
    Will a restraining order freeze Binance's assets?The U.S. Securities and Exchange Commission (SEC) on Tuesday asked a federal court for a temporary restraining order that would freeze the assets of crypto exchange Binance's U.S. affiliate. Why it matters: The motion comes a day after the securities regulator sued the company for illegally operating an exchange, among other charges.
    Does Binance have a US asset freeze?Link Copied! Binance and the US Securities and Exchange Commission reached an agreement to avoid a full asset freeze of the platform in the US and keep customer assets in the United States, after a US district judge signed off on a consent order filed Saturday.
    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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