Regulatory Tensions Escalate Between Binance.US and SEC Over Asset Freeze
TL;DR Summary
Binance, Binance.US, and the SEC have been ordered to attend a mediation conference on Wednesday to negotiate restrictions on operations as the regulator's case against the companies continues. The SEC alleged that the Binance entities sold unregistered securities in violation of US laws and later moved to obtain a temporary restraining order to freeze Binance.US' assets. Negotiating limits would allow the firm to continue operations, and the first mediation session is set for June 14.
- Binance.US, SEC Ordered to Start Negotiations Wednesday Amid Asset Freeze Tussle CoinDesk
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- Binance Spars With U.S. Regulators Over Asset Freeze The New York Times
- Opinion | There might be no such thing as a legal American crypto exchange The Washington Post
- U.S. Judge Rebuffs SEC Request for Binance.US Asset Freeze for Now CoinDesk
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