https://sputnikglobe.com/20230613/binance-says-secs-request-to-freeze-assets-could-bring-its-operations-to-halt-1111112888.html
Binance Says SEC's Request to Freeze Assets Could Bring Its Operations to Halt
Binance Says SEC's Request to Freeze Assets Could Bring Its Operations to Halt
Sputnik International
Binance's US division has filed a lawsuit against the US Securities and Exchange Commission's (SEC) over the request to freeze its assets, saying it could lead to the termination of the exchange's operations.
2023-06-13T13:01+0000
2023-06-13T13:01+0000
2023-06-13T13:01+0000
economy
us securities and exchange commission (sec)
binance
lawsuit
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"Binance.US has responded to the Securities and Exchange Commission's (SEC) request to freeze its funds, arguing that such action could potentially lead to the termination of its operations," the crypto exchange said, adding that its court filing comes shortly before the hearing to emphasize the urgency of the matter. Binance has expressed concerns over the potential consequences of the SEC's decision, including negative effect on its business activities. A fair and thorough assessment of the situation is needed before any decisions are made, it said. On June 5, the SEC accused Binance of defrauding investors and concealing information about its operations. The complaint said that the exchange had secretly sent billions of dollars to a separate company, controlled by Binance's founder, Changpeng Zhao. Zhao, who lives in Dubai, dismissed the SEC’s charges on Twitter as untrue.
https://sputnikglobe.com/20230609/binance-exchange-halts-us-dollar-use-as-banks-plan-blocking-in-wake-of-sec-lawsuit-1111033063.html
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binance's us division, us securities and exchange commission's, lawsuit, termination of the exchange's operations
binance's us division, us securities and exchange commission's, lawsuit, termination of the exchange's operations
Binance Says SEC's Request to Freeze Assets Could Bring Its Operations to Halt
MOSCOW (Sputnik) - Binance's US division has filed a lawsuit against the US Securities and Exchange Commission's (SEC) over the request to freeze its assets, saying it could lead to the termination of the exchange's operations.
"Binance.US has responded to the Securities and Exchange Commission's (SEC) request to freeze its funds, arguing that such action could potentially lead to the termination of its operations," the crypto exchange said, adding that its court filing comes shortly before the hearing to emphasize the urgency of the matter.
Binance has expressed concerns over the potential consequences of the SEC's decision, including negative effect on its business activities. A fair and thorough assessment of the situation is needed before any decisions are made, it said.
On June 5, the SEC accused Binance of defrauding investors and concealing information about its operations. The complaint said that the exchange had secretly sent billions of dollars to a separate company, controlled by Binance's founder, Changpeng Zhao. Zhao, who lives in Dubai, dismissed the SEC’s charges on Twitter as untrue.
