Binance.US New Motion Asks Court to Deny SEC's Temporary Restraining Order Request

Binance.US’ new motion says the SEC’s temporary restraining order will “effectively wind up” Binance.US’ operations, saying freezing its funds would “principally harm customers of Binance.US entity BAM, effectively bankrupt BAM, and prevent BAM from defending itself in this lawsuit” because it can no longer pay its employees, suppliers, or other interested parties, or even maintain its technology. Binance.US asked the court to reject the US SEC's request for a temporary restraining order, saying that the SEC's motion should be rejected, "the SEC's briefing did not point out a single instance of BAM customer assets being mishandled or abused", and the SEC must prove that the listing listed in its lawsuit of digital assets are indeed securities.