Acuerdo entre SEC y Binance.US aprobado por juez federal

Binance.US recovers access to client assets as court cancels asset freeze

On the evening of June 17, US Federal Judge Amy Berman Jackson approved an agreement between Binance.US and the Securities and Exchange Commission (SEC) that allows only Binance.US employees to have access to client assets. The court also cancelled the previous Temporary Restraining Order (TRO) that had frozen all assets of the American exchange.

Just a few days ago, Judge Jackson had hoped that the parties would reach an agreement on their own, without her involvement. They were able to do so on June 16, and she confirmed the decision just a day later.

Binance.US tweeted:

“We are pleased to inform you that the court did not grant the SEC’s request for a temporary restraining order and asset freeze on our platform. This request was clearly unwarranted both factually and legally.”

The agreement approved by the federal judge stipulates that only Binance.US employees will have access to client funds until the end of the legal process. US users will be able to withdraw their funds during this time.

The agreement between the exchange and the US regulator also prohibits Binance employees from accessing private keys to wallets, hardware wallets, or root access to Amazon Web Services tools used by Binance.US.

The statement also says that Binance.US must immediately take steps to ensure documented written records of accounts associated with BAM organizations that have a value of more than $1,000.

This court decision marks a significant step forward for Binance.US and its clients, who can now have confidence in the security of their assets. The complexity of the case highlights the need for clear regulations and guidelines in the cryptocurrency industry, to ensure that exchanges and regulators can work together effectively.

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