{"id":1949846,"date":"2023-06-17T07:11:02","date_gmt":"2023-06-17T11:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/binance-sec-agree-to-allow-only-us-employees-to-access-customer-funds\/"},"modified":"2023-06-17T07:13:35","modified_gmt":"2023-06-17T11:13:35","slug":"binance-sec-agree-to-allow-only-us-employees-to-access-customer-funds","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/binance-sec-agree-to-allow-only-us-employees-to-access-customer-funds\/","title":{"rendered":"Binance and SEC limit customer fund access to US employees only."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbinance-sec-agree-to-allow-only-us-employees-to-access-customer-funds%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1949846&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Binance and U.S. Securities Regulator Reach Agreement to Protect Customer Funds<\/strong><\/p>\n<p>According to court documents, Binance, Binance.US, and the U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-sec-slammed-tesla-for-failing-to-control-elon-musks-tweets-according-to-uncovered-letters\/\" title=\"Report: SEC Slammed Tesla For Failing To Control Elon Musk\u2019s Tweets, According To Uncovered Letters\">securities regulator<\/a> have entered into an agreement to ensure the security of customer funds. The agreement, pending approval from the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-president-trump-gives-pardons-to-73-individuals-and-commutes-another-70-sentences-steve-bannon-is-included\/\" title=\"BREAKING: President Trump Gives Pardons to 73 Individuals and Commutes Another 70 Sentences \u2013 Steve Bannon Is Included\">federal judge overseeing<\/a> the case, requires Binance.US to take steps to restrict access to private keys and tools, ensuring that only Binance.US employees can access customer funds in the short term.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The proposed agreement comes after the SEC sued Binance, its CEO and founder Changpeng Zhao, and Binance.US\u2019s operator last week, marking a significant crackdown on the industry by U.S. regulators. The SEC also filed a lawsuit against major U.S. exchange Coinbase.<\/p>\n<p>Binance.US and the SEC have not yet responded to Reuters\u2019 request for comment.<\/p>\n<p>In response to the SEC&#8217;s request to freeze its assets, Binance.US, the U.S. affiliate of Binance, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/binance-sec-agree-to-allow-only-us-employees-to-access-customer-funds\/\" title=\"Binance and SEC limit customer fund access to US employees only.\">suspended dollar deposits<\/a> and set a deadline of June 13 for customers to withdraw their funds.<\/p>\n<p>Additional provisions in the proposed agreement include the creation of new crypto wallets that are inaccessible to Binance&#8217;s global exchange employees, providing further information to the SEC, and agreeing to an expedited discovery schedule.<\/p>\n<p> (Reporting by Baranjot Kaur in Bengaluru; Editing by Stephen Coates and Louise Heavens)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/binance-sec-agree-to\/attachment\/file-photo-illustration-shows-smartphone-with-displayed-binance-logo\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Guggenheim Baseball Management Honors the Sisters of Perpetual Indulgence<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Join Rep. Andy Biggs in Supporting the Cause<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Oligarchs Manipulate America&#8217;s AI Development as the DOJ Criticizes Minneapolis PD<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>This Week: The Nation is Captivated by Donald Trump&#8217;s Indictment and Arraignment<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Meta Platforms Restores Services on Facebook and Instagram<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Microsoft Faces Legal Battles in Attempt to Acquire Activision<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Binance&#8217;s U.S. Affiliate Conducts Funding Round<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>SEC Official Rejects Criticism of Agency&#8217;s Actions<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>employees have access to customer funds. The agreement aims to address concerns raised by the U.S. securities regulator and is pending approval from the federal judge. Binance.US will implement measures to ensure the exclusive access of its employees to customer funds, separating them from Binance Holdings.<\/p>\n","protected":false},"author":66,"featured_media":1949847,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[8343,8369,8566,5183,4338,6612,3991],"class_list":["post-1949846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-access","tag-binance","tag-customer","tag-employees","tag-fund","tag-limit","tag-only"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1949846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1949846"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1949846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1949847"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1949846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1949846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1949846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}