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- The U.S. Securities and Exchange Commission (SEC) has filed an emergency action application seeking a temporary restraining order to freeze assets of Binance's U.S. subsidiary, Binance.US. The SEC alleges that Binance and its founder, Changpeng Zhao, have demonstrated a "disregard" for U.S. law12. The order is aimed at protecting Binance.US customers' assets during the resolution of the SEC's pending litigation2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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 …
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 - People also ask
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