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Binance.US, SEC Ordered to Start Negotiations Wednesday Amid Asset Freeze Tussle.

A U.S. federal judge on Tuesday rebuffed SEC’s request to order a freeze on Binance.US’ assets – provided the parties could agree on limits.

In order to work out operational limitations while the Securities and Exchange Commission (SEC)’s case against the firms moves forward, a U.S. federal judge has ordered cryptocurrency exchange Binance, its regional affiliate Binance.US, and the SEC to attend a mediation meeting on Wednesday.

However, D.C. District Court Judge Amy Berman Jackson stated during a hearing on Tuesday that there was “absolutely no need” for such an order if the parties could agree on limits. The SEC had claimed in its lawsuit that the Binance entities sold unregistered securities in violation of U.S. laws.

A freeze on the company’s assets, according to Binance.US, would “effectively end” the operation before the hearing on Tuesday. Limits negotiations would allow the company to go on with business in the interim.

The first mediation conference was scheduled for June 14 at 2:45 PM Eastern Time in a Wednesday order. The mediator will be Magistrate Judge Zia M. Faruqui, a former prosecutor who oversaw many federal crypto investigations.

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