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Binance CEO Expresses Relief as SEC Dispute Resolved and Agreement Reached

June 17 (Cointime) - Binance CEO Changpeng Zhao expressed relief that the dispute with the SEC has been resolved, allowing the company to focus on the future. The US District Court has approved the "Proposed Stipulation and Consent Order" agreed upon by Binance, Binance.US, and the SEC. The agreement requires Binance to repatriate all fiat currency and crypto assets related to Binance.US and limits access for Binance Global officials to ensure customer funds are independently managed and safeguarded. Despite regulatory obstacles, Binance remains committed to continuing operations and prioritizing the safety and security of user funds.

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