![]() contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. The move signals SEC’s commitment to taking more drastic actions against Binance and its founder, Changpeng Zhao (CZ). If the court order is granted, Binance US will be forced to send back customers’ fiat and cryptocurrencies. The sources say the freezing order only applies to Binance’s two US holding companies that allegedly have accounts at various financial institutions, including Axos Bank, Prime Trust, and the now-defunct Silvergate Bank. Why is the SEC so adamant about Binance?Īccording to sources familiar with new development, the SEC is moving to prevent a possible “dissipation of available assets for any judgment, given the defendants’ years of violate conduct, disregard of the laws of the United States.” The SEC has reportedly sought an express court order from a US federal court to freeze all the assets of Binance US. The move is aimed at preventing the dissipation of Binance US’s available assets for any judgment.Įvents surrounding US Securities and Exchanges Commission’s (SEC) legal battle with the world’s largest crypto exchange Binance could take a drastic after reports emerged that the SEC is seeking to freeze Binance US assets.This comes two days after The SEC sued Binance for breaching federal securities laws. ![]()
0 Comments
Leave a Reply. |