Well, it should excite you to know that Binance is still fighting for its users in the US.
On 17th of June, 4:33pm (UTC), BinanceUS released an update regarding its current battle with the SEC.
They stated that the court did not grant the SEC's request for a TRO and freeze of assets 💰 on its platform which was clearly unjustified by both the facts and the law.
Unlike the news (rumors) we've heard. Weldone to the Fudders who made that up 😒.
According to the company's statement, they mentioned that instead of facing severe consequences, they were able to come to an agreement with the SEC through a court order, which permits them to carry on with their regular business operations 📉📈. The company asserts that the SEC has failed to provide any evidence indicating the misuse of customer assets. Additionally, during a court hearing earlier in the week, the SEC lawyers admitted, when questioned by the judge, that they had no evidence supporting such allegations.
The company further states that the SEC's request would have effectively caused the closure of their business. They believe that this aligns with the agency's ongoing efforts to undermine the cryptocurrency industry using various means, including unsubstantiated accusations.
The company acknowledges that this legal battle has negatively impacted their business and reputation. However, they express their determination to defend themselves against unjust charges and the enforcement tactics of the SEC, which they consider to be inappropriate within the framework of the justice system.