⚡️Cryptocurrency and blockchain news!⚡️
🔹 Binance received court approval to invest client funds in US Treasury bonds. The court's decision allows Binance to manage assets more flexibly, which could improve security and profitability for users.
🔹 Judge Amy Berman Jackson allowed BAM Trading Services Inc. and BAM Management US Holdings Inc. (Binance) invest certain customer funds held by BitGo in four-week U.S. Treasury bonds.
🔹 This solution also allows Binance to engage third-party investment advisors to manage corporate assets, provided they are not affiliated with Binance.
🔹 This court decision comes amid ongoing litigation between the SEC and Binance.US over regulatory compliance issues.
💬 What do you think about this move by Binance? Share your opinion in the comments! 👇