In a recent crackdown on crypto, the SEC has filed a motion to freeze crypto holdings on Binance.US. But Bitcoin turns SEC’s lemons into sweet lemonade.
According to the court filing revealed on Tuesday, the U.S. Securities and Exchange Commission (SEC) has called for temporary restraints of cryptocurrency held on Binance.US.
The emergency order submitted to the U.S. District Court for the District of Columbia targets 8 specific activities of Binance and Binance.US, along with their CEO Changpeng Zhao (CZ).
New Twist
The regulatory body seeks to obtain a temporary restraining order, freezing the assets held by Binance.US and facilitating the return of funds to U.S. customers or implementing measures that benefit American users.
Additionally, the SEC has demanded that Binance US be prohibited from tampering with or destroying any relevant documents, as well as engaging in any other suspicious actions. This latest development follows the…
