Binance has been given permission by a US court to invest customer funds in US Treasury bills. Judge Amy Berman Jackson, who is handling the SEC's case against Binance, issued the approval. This ruling allows Binance to invest only specific customer assets in Treasury bills.

The court has allowed BAM Trading Services Inc. and BAM Management US Holdings Inc. (both part of Binance) to manage their assets more flexibly. They can now hire independent investment advisors for their corporate assets, particularly for investing in US Treasury bills. However, these advisors must not be connected to Binance.

According to the court document, only specific funds, which are currently held by BitGo, can be invested. The ruling states, “BAM is authorized to invest certain customer fiat funds currently custodied at BitGo in United States Treasury bills that will mature on a rolling four-week basis,” followed by three provisions.

The broader legal case involves the SEC accusing Binance.US of not following regulatory rules. The charges relate to the initial coin offering and sales of the BNB token, the BNB Vault program, and failure to register and comply with anti-fraud regulations.

The SEC is also targeting former Binance CEO Changpeng Zhao, claiming he acted as a controlling person and that Binance should have registered under the Exchange Act.

Treasury bills:

U.S. Treasury bills are considered one of the safest investments because they are backed by the US government. They provide liquidity and a predictable return, making them good for preserving capital while earning some interest. By investing in Treasury bills, Binance can enhance the security and return on investment for its users.

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