The US Securities and Exchange Commission (SEC) filed an emergency action application seeking a temporary restraining order to freeze American assets of crypto trading platform Binance.
The market watchdog said in a statement late Tuesday that it wants to ensure Binance.US customers’ assets are protected and remain in the US through the resolution of its pending litigation.
The regulator on Monday filed a total of 13 charges against Binance entities, including its founder and CEO Changpeng Zhao, for violating a number of US securities laws.
The charges included operating unregistered exchanges, broker-dealers and clearing agencies, misrepresenting trading controls and oversight on the Binance.US platform, and unregistered offer and sale of securities.
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