Binance vs SEC: negotiations are going well

The SEC, which wanted seize assets from Binance.US, the logical continuation of his scathing attack, saw his request declined by a US federal judge last Wednesday. Prioritizing theoption negotiationthis one enjoins the two progonists, Binance and SEC, to come to an agreement.

Binance and SEC ordered to lay an agreement

Binance is under the full brunt of the wrath of several governments at the moment. The Netherlands, France and Nigeria seem to have learned the lesson and followed the SEC in its initiative to aggressive regulation of the crypto industry.

The latter would have learned from the United States the right method to roll back an increasingly strengthened crypto community.

However, recently, the USA asked its policeman to calm things down. BlockWorks recently reported thatAmy B. Jackson, the judge overseeing the Binance vs. SEC case ordered a settlement for last Thursday. The same crypto-blockchain site also clarified that on Friday no outcome was made official.

Except that a progress report has been the subject of a communication. In it, Binance and SEC agreed that:

” The parties have worked diligently to reach an agreement regarding a proposed consent order…Progress has been made and the parties continue to negotiate a proposed consent order. »

No way to freeze Binance.US assets

This is the position chosen by Judge Jackson last Tuesday. Impartiality obliges, the latter had to refuse the request of the SEC to bring down Binance.US. However, the American financial policeman also wants to prohibit access to the assets or portfolios of the American crypto exchange to CZ.

For the United States Securities and Exchange Commission, Binance should only shell out money for its fixed charges. It shall only pay “for the purchase of goods and services, the salaries of BAM Trading and BAM Management personnel, including pre-existing benefits, professional fees and other similar ordinary expenses for the operation of their companies”.