Binance.US Says SEC’s Efforts To Freeze Assets Will Destroy Them
The important crypto exchange Binance.US said the fact that the massive efforts that the SEC has been making to freeze their assets would eventually put them out of business. Check out the latest reports about this below...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The important crypto exchange Binance.US said the fact that the massive efforts that the SEC has been making to freeze their assets would eventually put them out of business. Check out the latest reports about this below.
Binance.US addresses SEC’s latest movesThe US arm of the world’s largest crypto exchange by trading volume says the U.S. Securities and Exchange Commission’s (SEC) recent lawsuit could kill their business for good.
As noted by the online pubcalition the Daily Hodl, new court documents revealed the fact that if the SEC is able to freeze its assets, it will effectively put the firm out of business. More than that, it would no longer be able to fund any of its operations.
“If the Court does address the merits of the SEC’s motion, it should deny that motion. The SEC seeks unnecessary and unjustified relief. Far from requesting relief that is “carefully calibrated” to “maintain the status quo,” the SEC’s proposed remedies would effectively end BAM’s business.”
The same notes continued and revealed:
“The SEC seeks, among many other things, a draconian and unduly burdensome freeze of all the company’s operations without any exceptions. The requested relief would primarily harm BAM’s customers, effectively put BAM out of business, and prevent BAM from defending itself in this litigation.”
It is also worth noting that the exchange said that “without the ability to pay its employees, vendors, suppliers, and professionals in the ordinary course of business and to maintain its technology platform, operations would quickly grind to a halt and BAM would be unable to even fund its defense to this action.”
More than that, “with a freeze of all corporate assets, banking partners would most likely cease to honor requests to transfer funds for any purpose, including customer redemptions.”
We suggest that you check out these official documents in order to find out all the available details about the matter.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Binance Blocks 11 Crypto Platforms in Major Compliance Move Affecting User Funds
Key Takeaways: Binance will suspend trading for 11 crypto platforms starting August 23, 2026. Among the restrictions are also HTX...
BTCC Exchange Joins TOKEN2049 Singapore as Platinum Sponsor, Unveiling Flagship Theme “0-Barrier Trading”
George Town, Cayman Islands, August 14th, 2026, Chainwire BTCC, the world’s longest-serving cryptocurrency exchange, announces its...
Binance Blocks HTX and EXMO. Sixteen Platforms Cut Off Amid Sanctions Push
For brokers, part of the counterparty due diligence now happens upstream, as exchanges start filtering out sanctioned platforms be...
Trump to meet Coinbase, Ripple and crypto leaders as CLARITY Act odds collapse to 10%
President Donald Trump and the heads of the SEC and CFTC are expected to meet crypto and prediction-market executives at the White...
RedotPay's IPO Slips Toward 2027 Amid Binance Suit and Executive Exodus
RedotPay attributes the delay to regulatory approvals alone, leaving unresolved legal and leadership questions out of its own fram...
Latest Gemini earnings expose crypto’s new exchange reality – more total revenue, less crypto trading
Gemini’s second-quarter revenue rose as its credit-card business expanded. But the core exchange shrank, while operating costs and...