Binance.US has been granted court approval to invest specific customer fiat funds in US Treasury Bills. Judge Amy Berman Jackson's decision on July 19 allowed the crypto exchange to proceed with investments under strict conditions, ensuring responsible fund management. The approval permits Binance.US to invest around $40 million, with $10 million to be invested in four-week increments through a TreasuryDirect trading account. The exchange must transfer custodied assets to a non-affiliated US custodian, with employees controlling new private keys. Monthly reports on costs related to Treasury investments are required for transparency. The court order also mandates due diligence to prevent conflicts of interest. This approval follows a federal judge's dismissal of part of the SEC's lawsuit against Binance and its founder, allowing other charges to proceed, including those against Binance.US for ICO, BNB sales, staking services, and fraud allegations. Read more AI-generated news on: https://app.chaingpt.org/news