Page 2 - Binance Us News Today

Case could last longer than Ripple suit, brought in 2020 and still going. Fraud allegations from regulators raise risk the DOJ will join the fray.

Binance’s US arm is urging a federal judge to reject a move by the securities regulator to freeze its assets, saying it would prevent it from serving customers.

Binance.US suspends USD deposits and warns of possible fiat withdrawal pause, following US financial regulators asset freeze support.

Binance US is getting restricted in its operations and access in this latest development. A development has been made towards the lawsuit against Binance and Binance US, as the SEC recently called for a freeze on the company's cryptocurrency holdings, particularly on Customer Assets.

The SEC asked a federal court on Tuesday to issue a restraining order to freeze the US assets of the world’s largest cryptocurrency exchange.

The US Securities and Exchange Commission charges the world’s largest crypto exchange with securities law violations.

The SEC said that Binance has operated an illegal exchange and engaged in a "web of deception" meant to flaunt US securities rules.

The new findings offer further detail into how Binance exercised tight control over Binance.US

Known as "the most dangerous man on Wall Street," BJ Kangs inclusion could significantly impact Binance.US ability to conduct business in regions with close ties to Russia.

"Im sure everybody wishes that something better had happened," U.S. Bankruptcy Judge Michael Wiles said, adding, "We are where we are, were trying to do the best with where we are."