US regulator applies to freeze assets of crypto platform Binance

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Image for illustrative purposes only – FILE PIX

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.

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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

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