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Binance Reaches Agreement With SEC to Avoid Asset Freeze and Continue US Operations

  • Binance can continue operating in the US until the SEC lawsuit is resolved.
  • Binance agreed to move all assets belonging to US customers stateside.
  • Binance's US operation is prohibited from providing access or control of domestic assets or funds to Binance's international operation or Zhao.
  • Binance.US is only allowed to transfer assets to make payments for expenses or to satisfy obligations incurred in the ordinary course of business.
  • The deal still needs approval from Judge Amy Berman and won't resolve the SEC lawsuit even if it's put in place.
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