The Securities and Exchange Commission (SEC) has agreed to a compromise with Binance that will allow the world’s largest cryptocurrency exchange to continue operating in the United States while its faces an ongoing government fraud lawsuit.
The SEC filed fraud charges against Binance on June 5, moving to freeze the company’s U.S. assets .
But Binance appealed that move, claiming that it would essentially put the company out of business in the United States.
During a court filing, the SEC said that it had reached a comprise after several days of court-ordered mediation to temporarily unfreeze Binance’s assets.
