According to Bloomberg, Binance.US, the U.S. subsidiary of the world’s largest cryptocurrency exchange, Binance, and the U.S. Securities and Exchange Commission (SEC) have agreed to an agreement to avoid freezing all assets of the cryptocurrency trading platform.
Foreign media reported that on Tuesday local time, the federal judge responsible for the SEC’s case against Binance and Binance.US refused to issue a temporary restraining order to freeze the assets of the cryptocurrency exchange’s U.S. trading platform and urged the SEC to reach an agreement with Binance. protocol. This will allow Binance’s U.S. subsidiary to continue operating while it discusses restrictions with regulators. Judge Amy Berman Jackson of the U.S. District Court in Washington, D.C., said there was "absolutely no need" to seek a restraining order if the two sides could agree on restrictions.
Behind these settlements is not only to make money, but also to obtain regulatory authority, so as to pave the way for long-term wealth making in advance.