Binance said that the Securities and Exchange Commission’s (SEC) move to freeze the assets of its American affiliate, Binance.US, would effectively destroy the crypto exchange. The SEC filed a temporary restraining order on June 12,to freeze Binance.US’s funds until it was able to prove that no one at the firm, including its CEO, Changpeng “CZ” Zhao, could access them.
Binance and Zhao were hit by the SEC with 13 charges on June 5 for alleged violations of U.S. securities rules, which they have totally denied.
The first hearing for the case was held on June 13 at the U.S. district court for the District of Washington, D.C….