Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges

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Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges
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The U.S. Securities and Exchange Commission and Binance have reached a court agreement that lets the world’s largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges

FILE - The Binance app icon is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. Two lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges, Binance and Coinbase, have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns. The U.S.

Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the benefit of Binance's U.S. trading customers.

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Under court deal, Binance can continue U.S. operations as it battles SEC fraud chargesUnder court deal, Binance can continue U.S. operations as it battles SEC fraud chargesThe U.S. Securities and Exchange Commission and Binance have reached a court agreement that lets the world’s largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges. Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the benefit of Binance’s U.S. trading customers. The agreement also restricts their spending to ordinary business expenses.
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