Does Binance have a US asset freeze?

Link Copied! Binance and the US Securities and Exchange Commission reached an agreement to avoid a full asset freeze of the platform in the US and keep customer assets in the United States, after a US district judge signed off on a consent order filed Saturday.

Why did the SEC Sue Binance & Binance US?

The SEC sued Binance and Binance.US, alongside Binance founder Changpeng "CZ" Zhao, last week, alleging they were operating as an unregistered securities exchange, brokerage and clearing agency. The regulator also alleged massive commingling of funds allowing Zhao, a Canadian national living in the UAE, access to Binance.US customer assets.

What if the SEC found an agreement between Binance & US?

If they could find an agreement, that would give all parties time to properly sort through the case's details. The SEC sued Binance and Binance.US, alongside Binance founder Changpeng "CZ" Zhao, last week, alleging they were operating as an unregistered securities exchange, brokerage and clearing agency.