What's Hot

    Is the iPhone 15 a True Technological Marvel or a Cash Grab?

    September 22, 2023

    Mainnet 2023: The Pinnacle of Blockchain Evolution in NYC

    September 21, 2023

    Bitcoin or Gold?

    September 20, 2023
    Facebook Twitter Instagram
    Twitter Facebook LinkedIn YouTube
    What the FinanceWhat the Finance
    Subscribe
    • NewsWire
    • Crypto
    • Stocks
    • Investment Ideas
    • Global Economics
    • Markets
      • Cryptocurrency Prices
      • Fear & Greed Index
      • World Market Indices
      • US Stock Market
      • Live Forex Rates
      • S&P 500
      • Gold
    What the FinanceWhat the Finance
    Home»Crypto»Binance US Avoids Asset Freeze According to Judge Jackson
    Crypto

    Binance US Avoids Asset Freeze According to Judge Jackson

    Binance.US has reached an agreement with regulators to prevent a potential full asset freeze
    Lucy WalkerBy Lucy WalkerJune 13, 2023No Comments1 Min Read
    Binance US and SEC
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In a bid to avoid a complete asset freeze, Binance.US – the American arm of popular crypto exchange Binance – is reportedly in talks with the Securities and Exchange Commission. Sources state that there is hope for a compromise, with both parties appearing to be in agreement. U.S. District Judge Amy Berman Jackson has referred the matter to a magistrate judge for further discussion.

    The SEC’s initial lawsuit against the company demanded an asset freeze, but it appears that a resolution may be within reach. During a hearing in Washington, Judge Jackson expressed concerns about the potential fallout from shutting down Binance.US completely.

    According to Bloomberg, she stressed that this move would not only impact the company but also have significant consequences for the wider digital asset markets. The judge has deferred a decision on an asset freeze until further discussions with the magistrate. The SEC filed a lawsuit on June 5, accusing Binance.US of serious legal and regulatory violations that warrant a ban on the company’s operations in the US.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker is a journalist that covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • September 22, 2023NewsWireIs the iPhone 15 a True Technological Marvel or a Cash Grab?
    • September 21, 2023NewsWireMainnet 2023: The Pinnacle of Blockchain Evolution in NYC
    • September 20, 2023CommoditiesBitcoin or Gold?
    • September 19, 2023Investment IdeasDemystifying Financial Wellness: Its Lasting Impact on Life
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleNASDAQ Index On a Steady Rise
    Next Article Syria Anticipates Higher Wheat Harvest but Australia Drops

    Related Posts

    Cardano: The Third-Generation Blockchain Platform

    September 18, 2023

    Storj: Pioneering the Future of Decentralized Cloud Storage

    September 12, 2023

    Why Crypto Loans are Better than Bank Loans

    September 7, 2023
    Add A Comment

    Leave A Reply

    Stock Ticker
    • Loading stock data...

    Is the iPhone 15 a True Technological Marvel or a Cash Grab?

    September 22, 2023

    Mainnet 2023: The Pinnacle of Blockchain Evolution in NYC

    September 21, 2023

    Bitcoin or Gold?

    September 20, 2023

    Demystifying Financial Wellness: Its Lasting Impact on Life

    September 19, 2023
    Categories
    • Best Deals
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stock Market
    Recent Comments
    • Peter williamson on Travel Chaos at Geneva Airport: How Swiss Air is failing its customers
    • Marcus Latini on XRP Up by 65% as Judge Claims Ripple Was Not Selling Securities
    • Marcus Latini on Understanding Ethereum and Its Native Cryptocurrency, ETH
    Also Check Out

    Binance Donates to it’s Users in Morocco After Earthquake

    September 15, 2023

    Demystifying Financial Wellness: Its Lasting Impact on Life

    September 19, 2023

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Facebook Twitter LinkedIn
    Top Insights

    From Cleaners to Security Guards: The NEW Somatic Cleaning Robot

    September 13, 2023

    The Fisher Composite Index: A Comprehensive Guide

    August 10, 2023

    Cathie Wood & Ark Invest: Disrupting the Investment Landscape

    July 31, 2023
    Categories
    • Best Deals
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stock Market

    Type above and press Enter to search. Press Esc to cancel.