Binance.US and the US SEC reached an agreement to avoid the freezing of all assets

According to Bloomberg, at the hearing of the US Securities and Exchange Commission (SEC) on the temporary restraining order of Binance.US, Binance.US and the SEC agreed to reach an agreement to avoid the freezing of the total assets of the cryptocurrency trading platform. The asset freeze request proposed a compromise that included transferring U.S. customers’ crypto assets to new wallets with new private keys that would be under the sole control of U.S. officials at Binance.US. As part of its proposal, the exchange also asked for permission to continue paying employees and covering operating costs, while pledging not to transfer any assets or make any payments to benefit any Binance entity without a judge order. the