SEC Moves To Freeze Binance's US Assets With Temporary Restraining Order
Portfolio Pulse from Jose Rodrigo Safdiye
The U.S. Securities and Exchange Commission (SEC) is seeking a temporary restraining order to freeze Binance US's assets as part of its lawsuit against the cryptocurrency exchange. The order requires transferring customer crypto assets to new wallets with unique private keys within 30 days and entrusting customer assets from its staking-as-a-service program to third-party custodians BitGO and Aegis.

June 06, 2023 | 8:54 pm
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The SEC's move to freeze Binance US's assets with a temporary restraining order may negatively impact BNBUSD in the short term.
The SEC's move to freeze Binance US's assets as part of its lawsuit against the cryptocurrency exchange may create uncertainty and concern among investors, potentially leading to a negative impact on BNBUSD in the short term. The order requires transferring customer crypto assets to new wallets with unique private keys within 30 days and entrusting customer assets from its staking-as-a-service program to third-party custodians BitGO and Aegis.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100