CNBC
By Rohan Goswami
June 6, 2023
The Securities and Exchange Commission filed an emergency motion in Washington, D.C. federal court Tuesday evening, asking a judge to freeze the assets of Binance’s U.S. platform and repatriate both fiat currency and crypto held by the service’s customers.
The freezing order only applies Binance’s two U.S. holding companies, not to the non-U.S. regulated international exchange. The order would apply to dozens of accounts held at Axos Bank, the defunct Silvergate Bank, Prime Trust, and other institutions.