TechFlow news, June 13 — According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has reached an agreement with Binance.US to avoid a complete freeze of assets on the cryptocurrency exchange platform. Binance proposed a compromise plan, including transferring U.S. customers' crypto assets to new wallets with new private keys, which will be solely controlled by Binance.US's U.S.-based officers. As part of its proposal, the exchange also requested permission to continue paying employee salaries and operational expenses, while committing not to transfer any assets or make any payments benefiting any Binance entity without a court order.
It was reported that U.S. Judge Amy Berman Jackson stated on Tuesday that the two sides appeared to have "not much disagreement" and referred them to a magistrate judge to reach a settlement.
