Decision from Binance.US to suspend dollar deposits

In a statement from Binance.US, it was stated that the SEC has started using “extremely aggressive and intimidating tactics” in an ideological campaign against the American digital asset industry.

“To protect our customers and our platform, we are suspending US dollar (USD) deposits today and notifying our customers that our banking partners are preparing to discontinue dollar withdrawal channels as early as June 13, 2023,” the statement said. expression was used.

It was stated in the statement that these proactive steps were taken as only the transition to the crypto exchange was made for a while, and it was noted that trading, depositing and withdrawing transactions in crypto will continue.

In the statement, it was emphasized that Binance.US will continue to strongly defend itself, its clients and the industry against “unjustified attacks” by the SEC, despite being open to a fruitful compromise that will enable the burgeoning digital asset market in the United States.

A lawsuit was filed against Binance institutions and the company’s founder, Zhao.

Earlier this week, the SEC filed a lawsuit against the entities of the cryptocurrency exchange Binance and the company’s founder, Changpeng Zhao, on 13 charges.

The charges against Binance included the operation of unregistered exchanges and clearing agents, misrepresentation of trading controls and surveillance on the Binance.US platform, and the unregistered supply and sale of securities.

On the other hand, in the statement made by Binance, it was claimed that the SEC abandoned the negotiation process and acted unilaterally, despite active cooperation in its investigations from the very beginning and all efforts.

On the other hand, the SEC had requested the freezing of Binance’s assets in the US, which it filed a lawsuit against.

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