SEC Goes For The Knockout With Binance, But Judge Isn't Having It, Orders Mediation On Asset Freeze
Portfolio Pulse from Murtuza Merchant
A US federal judge has ordered Binance, Binance.US, and the SEC to participate in a mediation conference to negotiate operational restrictions during the ongoing regulatory lawsuit. The SEC accuses Binance and Binance.US of selling unregistered securities, violating US laws, and sought a temporary restraining order on Binance.US's assets.
June 14, 2023 | 7:07 pm
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Binance and Binance.US face a regulatory lawsuit, which may impact the value of BNBUSD if operational restrictions are imposed.
The ongoing regulatory lawsuit against Binance and Binance.US may result in operational restrictions, which could negatively impact the value of BNBUSD. The outcome of the mediation conference will determine the short-term impact on BNBUSD.
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