The SEC has requested an emergency freeze of BinanceUS assets! To fight back, the company has signed a former co-director of the SEC’s enforcement division as part of its lawyer team. See who this is here -
Last week, the SEC sued Binance for violations of U.S. securities laws and “years of violative conduct” that allegedly put customers’ funds at risk.Since customers’ funds are allegedly at risk, it was only convenient that a complete asset freeze be requested from the U.S. government. Thewould target the assets of both Binance U.S. and the global exchange and would also seek to repatriate funds held abroad.
The exchange has, naturally, argued against the “draconian relief sought by the SEC,” saying customer funds were perfectly safe and a freeze would do nothing but prevent Binance customers from using their funds as they did so far. Of course, a freeze would also conveniently hamper the company’s operations – and probably make its legal defense a lot harder.
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