{"id":84412,"date":"2024-07-20T02:58:15","date_gmt":"2024-07-20T06:58:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84412"},"modified":"2024-07-20T03:17:43","modified_gmt":"2024-07-20T07:17:43","slug":"binance-us-secures-court-approval-to-invest-in-us-treasury-bills","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-us-secures-court-approval-to-invest-in-us-treasury-bills\/","title":{"rendered":"Binance.US Secures Court Approval to Invest in US Treasury Bills"},"content":{"rendered":"\n

Cryptocurrency exchange Binance<\/a> has received court approval to invest U.S. customer fiat funds into U.S. Treasury Bills.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The SEC v. Binance lawsuit is overseen by Judge Amy Berman Jackson, who signed and awarded the approval. Binance is only allowed to “invest certain customer assets in United States Treasury Bills” due to the verdict. <\/p>\n\n\n\n

The court gave more latitude in managing their assets to BAM Trading Services Inc. and BAM Management U.S. Holdings Inc. (Binance). <\/p>\n\n\n\n

With regard to its corporate assets, especially its holdings of U.S. Treasury notes, Binance is now permitted to work with outside investment advisors as long as they are not associated with the company.\u00a0<\/p>\n\n\n\n

Additionally, only “certain” monies may be invested, and BitGo's custody <\/a>of these funds is made clear in the court order.<\/p>\n\n\n\n

“Notwithstanding any applicable provision of the Consent Order, BAM is authorized to invest certain customer fiat funds currently custodied at BitGo in United States Treasury bills that will mature on a rolling four-week basis,” read the court ruling, followed by three provisions.<\/p>\n\n\n\n

\n

"BAM is authorized to invest certain customer fiat funds currently custodied at BitGo in United States Treasury bills that will mature on a rolling four-week basis"

Wild given SEC probed Paxos over sharing t-bill revenue split for BUSD w\/Binance. https:\/\/t.co\/lECpgjxe5f\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> pic.twitter.com\/J52TDvkBqy<\/use><\/svg><\/span><\/a><\/p>— DeFiyst (@DeFiyst) July 19, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

In the broader legal dispute, Binance.US is being sued by the U.S. Securities and Exchange Commission <\/a>(SEC) for allegedly breaking regulatory rules. The allegations cover issues related to the BNB Vault program, the initial coin offering, and token sales. <\/p>\n\n\n\n

There are also claims of non-compliance with anti-fraud legislation and failure to register. In addition, Changpeng Zhao, the former CEO of Binance, is being charged by the SEC because he exercised control over the trading platform, and the Exchange Act necessitated registration.\u00a0<\/p>\n\n\n\n

Treasury Banknotes \u00a0<\/h2>\n\n\n\n

U.S. Treasury Bills<\/use><\/svg><\/span><\/a> are a popular investment due to their reputation as one of the safest options, supported by the full faith and credit of the U.S. government. <\/p>\n\n\n\n

Treasury bills are an excellent option for protecting capital while receiving a modest interest rate because they provide liquidity and a consistent return. Binance can improve user safety and return on investment by branching into Treasury Bills.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency exchange Binance has received court approval to invest U.S. customer fiat funds into U.S. Treasury Bills. The SEC v. Binance lawsuit is overseen by Judge Amy Berman Jackson, who signed and awarded the approval. Binance is only allowed to “invest certain customer assets in United States Treasury Bills” due to the verdict. The court […]<\/p>\n","protected":false},"author":43,"featured_media":84413,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[1182,143,20669],"class_list":["post-84412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance-us","tag-sec","tag-us-treasury-bills"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/Binance.US-Secures-Court-Approval-to-invest-in-US-Treasury-Bills.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84412"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84413"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}