Binance CEO CZ Says SEC's Emergency Relief Request Unwarranted
Binance CEO Changpeng "CZ" Zhao is pleased that the disagreement with the SEC is over.
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Binance CEO Changpeng "CZ" Zhao has expressed joy and relief as a protracted dispute with the U.S. Securities and Exchange Commission (SEC) has been successfully resolved. Continued SEC scrutiny had created a tense and uncertain period for the company, making the resolution a welcome development.
As regulatory uncertainty begins to fade, CZ can now focus on the future of Binance. In a tweet, the veteran crypto entrepreneur pointed out that the SEC's emergency relief request was unnecessary, saying the mutually agreed resolution would allow Binance to move forward unimpeded. p>
In a remarkable turn of events, Judge Amy Berman Jackson of the United States District Court for the District of Columbia gave her assent to the “Proposed Stipulation and Consent Order” that was entered into between Binance, Binance. US and SEC Saturday, June 18.
While we contend that the SEC's request for emergency assistance was completely unwarranted, we are pleased that the disagreement over this request has been resolved on mutually agreeable terms .
User funds have been and always will be safe on all Binance affiliated sites…
— CZ Binance (@cz_binance) June 17, 2023Pursuant to the Consent Order, Binance is obligated to “repatriate” all fiat and cryptocurrency assets associated with Binance.US by the date specified in the court order. In addition, the agreement imposes restrictions on Binance's global officials, prohibiting them from accessing the private keys of all wallets, including cold and hot wallets.
Despite the challenges and regulatory hurdles Binance has encountered lately, CZ underscored the company's unwavering dedication to the continued operation...
Binance CEO Changpeng "CZ" Zhao is pleased that the disagreement with the SEC is over.
News
Join us on social networks
Binance CEO Changpeng "CZ" Zhao has expressed joy and relief as a protracted dispute with the U.S. Securities and Exchange Commission (SEC) has been successfully resolved. Continued SEC scrutiny had created a tense and uncertain period for the company, making the resolution a welcome development.
As regulatory uncertainty begins to fade, CZ can now focus on the future of Binance. In a tweet, the veteran crypto entrepreneur pointed out that the SEC's emergency relief request was unnecessary, saying the mutually agreed resolution would allow Binance to move forward unimpeded. p>
In a remarkable turn of events, Judge Amy Berman Jackson of the United States District Court for the District of Columbia gave her assent to the “Proposed Stipulation and Consent Order” that was entered into between Binance, Binance. US and SEC Saturday, June 18.
While we contend that the SEC's request for emergency assistance was completely unwarranted, we are pleased that the disagreement over this request has been resolved on mutually agreeable terms .
User funds have been and always will be safe on all Binance affiliated sites…
— CZ Binance (@cz_binance) June 17, 2023Pursuant to the Consent Order, Binance is obligated to “repatriate” all fiat and cryptocurrency assets associated with Binance.US by the date specified in the court order. In addition, the agreement imposes restrictions on Binance's global officials, prohibiting them from accessing the private keys of all wallets, including cold and hot wallets.
Despite the challenges and regulatory hurdles Binance has encountered lately, CZ underscored the company's unwavering dedication to the continued operation...
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