Judge rebuffs SEC request for Binance US asset freeze

The federal judge overseeing the US Securities and Exchange Commission's case against Binance and Binance US declined to order a temporary restraining order freezing the US trading platform's assets.

That allows the US arm of the company to continue doing business while hashing out restrictions with the regulator.

"There is absolutely no need" for a restraining order if the two sides can agree on limits, the judge said.

The judge hammered SEC attorneys about their motion to freeze all of the company's assets until it could prove that no one from Binance's global platform, including CEO Changpeng Zhao, had access to its private keys.