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United States District Judge Amy Berman Jackson has ordered the two entities to work toward a compromise.
Binance.US and the United States Securities and Exchange Commission have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets.
Shutting it down completely would create significant consequences not only for the company but for the digital asset markets in general, Jackson said at a June 13 hearing.
Judge Jackson noted she wouldn’t come to a final decision on the SEC’s motion for a temporary restraining order until the two parties had worked through the situation with the magistrate