Judge allows Binance.US to invest customer assets in US Treasury bills, exempting them from SEC restrictions.
Judge approves Binance.US to invest certain customer assets in US Treasury bills, relieving the affiliate from US Securities and Exchange Commission restrictions. Binance will transfer crypto assets to a third-party custodian not affiliated with the exchange. The order allows Binance.US operator BAM to invest certain customer fiat funds, held at crypto custody firm BitGo, in US Treasury bills, which will mature on a rolling four-week basis.
July 19, 2024
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