{"id":21439,"date":"2023-06-07T11:33:14","date_gmt":"2023-06-07T11:33:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/the-sec-is-seeking-court-order-to-freeze-binance-uss-assets\/"},"modified":"2023-06-07T11:33:14","modified_gmt":"2023-06-07T11:33:14","slug":"the-sec-is-seeking-court-order-to-freeze-binance-uss-assets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/the-sec-is-seeking-court-order-to-freeze-binance-uss-assets\/","title":{"rendered":"The SEC is seeking court order to freeze Binance US\u2019s assets"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686129283258-3b6be2b4-93f2-4922-a883-bd141a11271d-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686129283258-3b6be2b4-93f2-4922-a883-bd141a11271d-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686129283258-3b6be2b4-93f2-4922-a883-bd141a11271d-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686129283258-3b6be2b4-93f2-4922-a883-bd141a11271d-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The SEC has reportedly asked a US federal court to freeze the entire assets of Binance US.<\/li>\n<li>This comes two days after The SEC sued Binance for breaching federal securities laws.<\/li>\n<li>The move is aimed at preventing the dissipation of Binance US\u2019s available assets for any judgment.<\/li>\n<\/ul>\n<p>Events surrounding US Securities and Exchanges Commission\u2019s (SEC) <a href=\"https:\/\/coinjournal.net\/news\/sec-sues-binance-and-cz-for-breaking-us-securities-rules\/\">legal battle <\/a>with the world\u2019s largest crypto exchange <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance <\/a>could take a drastic after reports emerged that the SEC is seeking to freeze Binance US assets.<\/p>\n<p>The SEC has reportedly sought an express court order from a US federal court to freeze all the assets of Binance US.<\/p>\n<h2>Why is the SEC so adamant about Binance?<\/h2>\n<p>According to sources familiar with new development, the SEC is moving to prevent a possible \u201cdissipation of available assets for any judgment, given the defendants\u2019 years of violate conduct, disregard of the laws of the United States.\u201d<\/p>\n<p>The sources say the freezing order only applies to Binance\u2019s two US holding companies that allegedly have accounts at various financial institutions, including Axos Bank, Prime Trust, and the <a href=\"https:\/\/coinjournal.net\/news\/silvergate-shares-tumble-after-company-says-its-shutting-down-crypto-bank\/\">now-defunct Silvergate Bank<\/a>.<\/p>\n<p>If the court order is granted, Binance US will be forced to send back customers\u2019 fiat and cryptocurrencies. The move signals SEC\u2019s commitment to taking more drastic actions against Binance and its founder, Changpeng Zhao (CZ).<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/the-sec-is-seeking-court-order-to-freeze-binance-uss-assets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The SEC has reportedly asked a US federal court to freeze the entire assets of Binance US. This comes two days after The SEC sued Binance for breaching federal securities laws. The move is aimed at preventing the dissipation of Binance US\u2019s available [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":21440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21439"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21439"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21440"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}