2023-6-14 05:40 |
United States District Judge Amy Berman Jackson has ordered the two entities to work toward a compromise.
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The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday.
As investigations loomed, the board of directors of Binance.US voted on whether to liquidate the company but could not come to a unanimous decision, The Information reported.
Binance cuts staff.
A federal judge heard arguments on the SEC's motion for a temporary restraining order in court on Tuesday.
Stablecoins such as USDT and USDC were trading for 3 to 4% higher than par value at the time of publication.
Binance.US has always claimed to be independent from Binance, a stance that may come under scrutiny following this news.