The Securities and Exchange Commission reached a deal with Binance late Friday that would allow the world’s largest cryptocurrency exchange to keep operating in the United States and safeguard customer assets as the company battles a government lawsuit.
After filing fraud charges against Binance on June 5, the S.E.C.
But in a court filing on Friday, the S.E.C.
On Saturday morning, Judge Amy Berman Jackson, who is overseeing the case in federal court in Washington, signed off on the deal.
The deal stipulates that Binance.US can transfer company assets “solely to make payments for expenses or to satisfy obligations incurred in the ordinary course of business.”
Persons:
Binance, Amy Berman Jackson, Changpeng Zhao, ”
Organizations:
Securities, Exchange Commission, Binance
Locations:
United States, U.S, Washington