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Us Customers

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business2 years ago

Binance secures agreements with SEC and government to avoid shutdown and legal action.

Binance and the US Securities and Exchange Commission have reached an agreement to keep customer assets in the United States and avoid a full asset freeze of the platform in the US. The agreement was reached amid a lawsuit filed by the SEC, accusing the company of running an illegal securities exchange. The defendants, including CEO Changpeng Zhao, agreed to repatriate assets held for the benefit of US customers and ensure those assets are protected and remain in the United States to prevent them from moving offshore.