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...

    SEC Seeks Emergency Relief to Ensur…

    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.

    SEC Files Emergency Action to Freeze …

    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.

    SEC Asks Court To Freeze Assets Of Binance U.S. Units Named In ... - F…

    forbes.com
    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 .

    Binance, SEC reach agreement to keep US customer assets in country - …

    cnn.com
    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.

    SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets

    coindesk.com
    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.

    SEC asks court to freeze Binance's U.S. assets - Axios

    axios.com
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  4. CNN
    https://www.cnn.com/2023/06/06/business/binance-sec...

    SEC files motion for restraining order to freeze Binance US …

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    • SEC.gov
      https://www.sec.gov/news/press-release/2023-103

      SEC Seeks Emergency Relief to Ensure Binance.US Customers’ …

    • Forbes
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    • The Verge
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      The SEC is trying to freeze Binance’s assets - The Verge

      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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    • New York Times
      https://www.nytimes.com/2023/06/13/tech…

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      WEBJun 13, 2023 · In court filings on Monday, lawyers for Binance’s American arm, Binance.US, argued that the S.E.C.’s proposed asset freeze would prevent the company from paying vendors,...

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    • SEC.gov
      https://www.sec.gov/files/litigation/complaints/2023/brief-pr2023-103.pdf
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