{"id":19765,"date":"2023-06-08T01:19:53","date_gmt":"2023-06-08T05:19:53","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/binance-us-to-remove-over-100-trading-pairs-by-thursday-days-after-sec-charges\/"},"modified":"2023-06-08T01:19:54","modified_gmt":"2023-06-08T05:19:54","slug":"binance-us-to-remove-over-100-trading-pairs-by-thursday-days-after-sec-charges","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=19765","title":{"rendered":"Binance.US To Remove Over 100 Trading Pairs by Thursday Days After SEC Charges"},"content":{"rendered":"
\n

Binance.US has decided to remove over 100 trading pairs by June 8, days after the Securities and Exchange Commission sued Binance and its CEO.<\/p>\n

Those trading pairs, which are assets that can be traded for each other on an exchange, included AAVE\/USDT, SUSHI\/USDT, POLYX\/USDT, FLOW\/USDT, ATOM\/BTC and HBAR\/BUSD among others.\u00a0<\/p>\n

\u201cYour assets remain safe and secure with Binance.US, and deposits and withdrawals continue to function as normal,\u201d the exchange said in a post<\/u> on Wednesday.\u00a0<\/p>\n

The SEC\u2019s crackdown\u00a0<\/h2>\n

This comes just days after the SEC sued Binance and its CEO Changpeng Zhao, also known as CZ, over their \u201cblatant disregard of the federal securities laws.\u201d<\/p>\n

Binance and BAM Trading, doing business as Binance.US, under Zhao\u2019s leadership, were unlawfully operating as an exchange, broker-dealer and a clearing agency without registering, the regulator alleged.<\/p>\n

The SEC also said Solana, Cardano, Polygon among others were labeled as securities in the complaint.<\/p>\n

The agency also filed an emergency motion on Tuesday night to freeze the assets of Binance.US.<\/p>\n

The SEC said it tried to make sure that investors\u2019 assets would be custodied in the US and under the control of just BAM Trading, and not Binance and Zhao.\u00a0<\/p>\n

\u201cBecause Defendants have repeatedly failed to provide sufficient assurances, the SEC now seeks the Court\u2019s assistance in ensuring the safety and availability of investor assets and that Defendants do not dissipate assets that may become due should the SEC prevail in this action,\u201d the SEC said in the court filing.<\/p>\n

Binance.US has asserted that customer assets are safe and secure and that the order would not freeze customer assets, in a tweet on Tuesday night.\u00a0\u00a0<\/p>\n

\u201cThe SEC’s latest filing represents legal maneuvering rather than genuine concern for Binance.US customers and the safety of their assets,\u201d Binance.US tweeted. \u201cThe SEC has shown in bringing this case, and countless others, that its true interest lies in political grandstanding and land grabbing, not in protecting consumers or allowing businesses to thrive in the US.\u201d<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Binance.US has decided to remove over 100 trading pairs by June 8, days after the Securities and Exchange Commission sued Binance and its CEO. Those trading pairs, which are assets that can be traded for each other on an exchange, included AAVE\/USDT, SUSHI\/USDT, POLYX\/USDT, FLOW\/USDT, ATOM\/BTC and HBAR\/BUSD among others.\u00a0 \u201cYour assets remain safe and […]<\/p>\n","protected":false},"author":1,"featured_media":18541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-19765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nBinance.US To Remove Over 100 Trading Pairs by Thursday Days After SEC Charges | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Binance.US has decided to remove over 100 trading pairs by June 8, days after the Securities and Exchange Commission sued Binance and its CEO.Those\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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