The Securities and Exchange Commission has applied for an emergency relief application to temporarily freeze Binance and affiliated firms' assets following the agency’s lawsuit against the crypto exchange.
The SEC sued Binance Holdings, BAM Trading Services and founder Changpeng Zhao collectively yesterday (6 June) for charges including operating unregistered national securities exchanges, the unregistered offer and sale of Binance's own crypto assets, and misleading investors. Binance sued by SEC over 'variety of securities law violations' In this next step, the SEC has applied for the temporary freeze of the firm and founder Zhao's assets "to ensure that Binance.US customers' assets are protected and remain in the United States through the resolution of the SEC's pending litigation of...
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