Binance and its CEO Changpeng Zhao have filed a rebuttal against the SEC's request for a temporary restraining order that would freeze the assets of Binance.US. The filing argues that the SEC's motion should be denied, as there is no risk to BAM's customer assets and no emergency.

Binance also argued that the SEC has to prove that the digital assets listed in its lawsuit are indeed securities. The SEC filed a lawsuit against Binance, Zhao, BAM Trading and BAM Management last week alleging violations of the Securities and Exchange Acts and claiming potential fraud.