LATEST UPDATE FROM BINANCE.US VS SEC
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This is today's statement release from binance.us and I quote:
"We want to provide an update on the current battle Binance.US finds itself in with the SEC. We are pleased to inform you that the Court did not grant the SEC's request for a TRO and freeze of assets on our platform which was clearly unjustified by both the facts and the law.
Instead, we were able to reach a Court- ordered agreement with the SEC that allows us to continue our ordinary course business. There has never been any evidence presented by the SEC concerning mis-use of customer assets. In fact, the SEC lawyers conceded in Court earlier this week, when asked by the Judge, that they had no evidence suggesting that any such thing had occurred.
The SEC's request would have effectively shuttered our business, which is consistent with the agency's continued attempts to kill the crypto industry by any means, even by making allegations that are not supported by the facts.
This fight has damaged our business and our reputation but not our fighting spirit or our resolve to defend ourselves against unwarranted charges and "regulation by enforcement" tactics that do not belong in our system of justice.
We look forward to continuing to defend ourselves in court."
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