Binance.US has argued that the Securities and Exchange Commission's (SEC) attempt to freeze its funds is an "unduly burdensome" move. The SEC sued Binance, Binance.US and Changpeng "CZ" Zhao last week on allegations that the companies operated as an unregistered securities exchange, broker and clearinghouse all in one.

Binance.US has denied the claims and has filed a motion to deny the SEC's proposed remedies, which it says would effectively end its business. The U.S. District Court for the District of D.C. will hold a hearing on the motion on Tuesday, June 13 at 2:00 p.m. ET.