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 SEC freeze Binance assets?Cryptocurrencies, Blockchain, Metaverse, NFTs, and a little investing SEC seeks to freeze assets of two Binance units in U.S. The U.S. government is seeking a court order to freeze the assets of two Binance units a day after it sued the world’s largest cryptocurrency exchange for seeking to evade regulatory oversight.
    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 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.
    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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