SEC requests temporary asset freeze on Binance-linked entities

The US securities regulator requested a temporary freeze on assets linked to Binance, the world’s largest cryptocurrency exchange, one day after it sued the company on more than a dozen charges.

In a filing late on Tuesday, the Securities and Exchange Commission requested a temporary asset freeze on several Binance-linked entities, as well as repatriation and other relief for customer assets held on Binance’s US platform.

On Monday, the SEC alleged that Binance operated unregistered exchanges, broker-dealers and clearing agencies as well as misrepresenting trading controls and oversight on its US platform.

The SEC on Tuesday also sued San Francisco-based crypto exchange Coinbase, alleging it violated US securities law by failing to register as a broker.

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