Binance has suspended US currency deposits – cites SEC law suit

Binance USD deposits pause on 13 June 2023

Bitcoin is down on the news, circa USD26400

Binance statement:

  • The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. Binance.US and our business partners have not been spared in the use of these tactics, which has created challenges for the banks with whom we work.
  • As a result, in an effort to protect our customers and platform, today we are suspending USD deposits and notifying customers that our banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. We encourage customers to take appropriate action with their USD.

This article was written by Eamonn Sheridan at Source