The asset freeze decision requested by the US Securities and Exchange Commission (SEC) against Binance.US is pending by the judge.
A U.S. District Court judge, Bloomberg reported on June 13. Amy Berman JacksonThe SEC’s requested asset freeze on Binance large scale considering the effects refused to conclude.
Binance.US side defense, on day 8 of the case the death penalty to accept not willing in the present situation operating expenses able to meet and able to pay salaries stated that it should.
In his defense, the stock market used the following statements for the asset freeze decision:
The area that terrifies us is the decision to freeze assets, which will be misunderstood by the banks.
Judge Jackson at this point while acknowledging the fairness of the stock market asset freeze decision Binance.US the entire cryptocurrency market stating that it can affect a request in this direction there is absolutely no need told.
On the other hand, regarding the operating expenses of the SEC during the hearing compromise offer drew attention. Regulator, ability to pay operating expenses And annoyed for an ice cream decision collaborative implied that he would take a stand. SEC is also present your expenses better able to be understood for this issue report demanded. Official institutions permission And authority in the interests of the company, except transfer or spending It cannot be done by Binance. commitment was done.
Judge Jackson to Binance.US 14 June operating expenses until list both sides when telling him to present compromise about that you are close arguing that the parties to the conciliation judge directed. Judge, compromise providing in case of ice cream request have to make a decision about may not be stated and the parties 15 June on the subject until to negotiate, results too share with the court wanted.
Reconciliation proposals drew attention
The claims for reconciliation put forward in the case were submitted by both parties. close to compromise parties while signaling that collaborative attitude drew attention.
In its settlement offer to the court, the SEC retained Binance’s client assets, Binance CEO Changpeng Zhao (CZ) is out of reach and will be under the control of US institutions. to the USA back to send demanded.
By contrast, Binance’s offer is from the USA customers’ assets Under the control of US-based agents at Binance.US will be new special to the keys owner to new wallets included the transfer.
A common ground can be found
Former SEC official John Reed Stark What he said about the issue before the decision on his official social media account. in the comment, between the parties’ defenses a contradiction but this situation partner One doesn’t mean you can’t meet on the ground suggested.
Stark recently joined the SEC and US Commodity Futures Trading Commission (CFTC) in their cases money laundering enough to blame did not mention arguing that this area to the US Department of Justice (DOJ) He claimed to have been abandoned.