According to BlockBeats, on June 14, Bloomberg reported that at the hearing of the U.S. Securities and Exchange Commission (SEC) on the temporary restraining order of Binance.US, Binance.US and the SEC agreed to reach an agreement to avoid the total asset freeze of the cryptocurrency trading platform. In response to the SEC's asset freeze request, Binance proposed a compromise plan, which includes transferring the crypto assets of U.S. customers to new wallets with new private keys, which will be solely controlled by U.S. officials of Binance.US. As part of its proposal, the exchange also requested permission to continue to pay employee salaries and cover operating costs, while promising not to transfer any assets or pay any money to benefit any Binance entity without a judge's order.