#Binance Blasts SEC for Misleading Claims About Consent Order Agreement

As the lawsuit between the United States Securities and Exchange Commission and Binance persists, the top crypto exchange has slammed the Securities Commission for inscribing misleading claims in one of its court filings.

Recall that the SEC filed a 13-charge lawsuit against the biggest crypto exchange in the world in early June and subsequently filed a motion to freeze assets belonging to Binance.US, the United States branch of Binance.

However, both parties later came to a common ground, agreeing that Binance.US would be allowed to access funds for its continued operations in the U.S. until the pending litigation is concluded.This agreement, amongst others, was approved by Washington District Court federal judge Amy Berman Jackson on June 27, 2023.