Coinspeaker
Binance.US Halts USD Deposits, Blames SEC’s ‘Witch-hunt’
Binance.US has told its customers that they may not be able to buy crypto with their US dollars from June 13. The Thursday announcement follows after the Securities and Exchange Commission (SEC) filed a lawsuit against the exchange and its founder Changpeng Zhao (CZ) on Monday.
SEC insists that Binance had violated the country’s securities laws. The exchange, on the other hand, says the regulator is only leveling “unjustified civil claims” against its business.
The official announcement reads in part:
“Today we are suspending USD deposits and notifying customers that our banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023.”
Binance.US to Lose Access to US Banking System
As it stands, the SEC is looking to freeze Binance.US’ assets. Interestingly, however, the regulator has also considered customers and asked the court to approve a temporary restraining ord
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