US regulator applies to freeze assets of crypto platform Binance

Market watchdog aims to ensure Binance.US customers' assets protected, remain in US through resolution of pending litigation

By Ovunc Kutlu

ISTANBUL (AA) - 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.

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 offer and sale of securities.

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