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.