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18 de sept. de 2025 According to newly unsealed court documents, the SEC is focusing on the crypto exchange's asset collateralization practices, including an auditor's statement that it was very difficult to ensure the company was fully collateralized at specific points in time. 18 de sept. de 2025 According to CoinDesk, the SEC claimed that an audit of Binance US revealed difficulties in confirming that the company was fully backed by collateral. Binance US has countered these requests, arguing that the SEC is overstepping its jurisdiction. Hace 2 días Today, the U.S. Securities and Exchange Commission (SEC) has agreed to fully dismiss its case against Binance.US. By abandoning their enforcement case in its entirety, today’s outcome reaffirms what we have always believed: that Binance.US did Binance and Binance.US have reached an agreement with the United States Securities and Exchange Commission (SEC) to secure customer funds and private keys by repatriating all Binance.US users’ funds to the United States, thereby preventing Binance Holdings officials, including Chanpeng Zhao, from accessing them. The troubles began when the SEC filed charges against Binance, Binance.US, and founder Changpeng Zhao for alleged securities law violations. This action came in the wake of the FTX exchange collapse, which had heightened regulatory scrutiny across the cryptocurrency sector. 19 de sept. de 2025 Auditors Say It’s Hard to Prove Binance is Fully Collateralized. Binance’s recently filed response reveals that the SEC’s Request for Production No. 27 called for Binance to hand over all “auditors’ assessment of internal control deficiencies related to the custody and control of Customer Assets.” 18 de sept. de 2025 Binance US's auditor faced challenges ensuring full collateralization at specific times. The company's responses to SEC emphasize challenges and propose further discussions. The 18 de sept. de 2025 The newly unsealed sections of the complaint filed by the SEC auditor against Binance, Binance.US and Zhao in June found: “[It] was difficult and sometimes not possible to pull wallet balances “Further, we ensured that U.S. customers will be able to withdraw their assets from the platform while we work to resolve the alleged underlying misconduct and hold Zhao and the Binance entities accountable for their alleged securities law violations.” 18 de sept. de 2025 In the latest filing by the SEC, the regulator says that the Binance US audit found it “very difficult to ensure the company was fully collateralized.” On Monday, the SEC asked the court to reject Binance’s objections to the SEC’s motion and to inspect the exchange.

The SEC\'s scrutiny of Binance US and its collateralization practices has been a major focus in the cryptocurrency regulatory landscape. Newly unsealed court documents from 18 de sept. de 2025 reveal the SEC\'s concerns, specifically regarding the crypto exchange\'s asset collateralization. Auditors stated it was "very difficult to ensure the company was fully collateralized at specific points in time." CoinDesk reported on 18 de sept. de 2025 that the SEC claimed an audit of Binance US revealed these difficulties in confirming the company was fully backed by collateral. Binance US countered, arguing the SEC was overstepping its jurisdiction.

The troubles began with SEC charges against Binance, Binance.US, and founder Changpeng Zhao for alleged securities law violations, intensified by the heightened regulatory scrutiny following the FTX collapse. Request for Production No. 27, part of the SEC’s demand according to Binance’s filing on 19 de sept. de 2025, called for all “auditors’ assessment of internal control deficiencies related to the custody and control of Customer Assets.” Auditors on 18 de sept. de 2025 reported finding "[It] was difficult and sometimes not possible to pull wallet balances," according to the newly unsealed sections of the complaint.

The SEC\'s filings on 18 de sept. de 2025 highlight the Binance US audit revealing it "very difficult to ensure the company was fully collateralized." The SEC requested the court reject Binance\'s objections and allow inspection of the exchange.

However, in a significant development, Hace 2 días, the U.S. Securities and Exchange Commission (SEC) agreed to fully dismiss its case against Binance.US. Binance and Binance.US reached an agreement with the SEC to secure customer funds and private keys by repatriating all Binance.US users’ funds to the United States, preventing Binance Holdings officials, including Changpeng Zhao, from accessing them. The SEC stated, "Further, we ensured that U.S. customers will be able to withdraw their assets from the platform while we work to resolve the alleged underlying misconduct and hold Zhao and the Binance entities accountable for their alleged securities law violations.” This outcome, as stated by Binance, reaffirms their belief that Binance.US did not violate securities laws.

While questions surrounding Binance US\'s collateralization initially sparked intense regulatory action, the dismissal of the SEC\'s case marks a turning point, even as concerns regarding the company\'s financial transparency remain a topic of discussion. The challenges faced by Binance US\'s auditor in confirming full collateralization at certain times (18 de sept. de 2025) and the company\'s proposed discussions highlight the complexities of navigating regulatory compliance in the evolving cryptocurrency space.

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