ISTANBUL, Turkey - The US Securities and Exchange Commission (SEC) filed an emergency action application seeking a temporary restraining order to freeze American assets of crypto trading platform Binance, reported Anadolu.
The market watchdog said in a statement late Tuesday that it wants to ensure Binance. US customers' assets are protected and remain in the US through the resolution of its pending litigation.
The regulator on Monday filed a total of 13 charges against Binance entities, including its founder and CEO Changpeng Zhao, for violating a number of US securities laws.
The charges included operating unregistered exchanges, broker-dealers, and clearing agencies, misrepresenting trading controls and oversight on the Binance.US platform, and unregistered offers and sales of securities. - BERNAMA-ANADOLU