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The Independent UK

National

Frank Bajak

Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges

SEC Binance Crypto United States Changpeng Zhao

Copyright 2023 The Associated Press. All rights reserved

The U.S. Securities and Exchange Commission and Binance have reached an agreement in court that lets the world's largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges.

Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the benefit of Binance's U.S. trading customers.

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