Binance, SEC strike deal to keep US customer assets in the country until lawsuit is resolved

Binance, SEC strike deal to keep US customer assets in the country until lawsuit is resolved

FILE PHOTO: A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the US Securities and Exchange Commission to ensure that US customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved.

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