Binance.US Halts Dollar Withdrawals After SEC Lawsuit
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Binance's U.S. affiliate has halted direct dollar withdrawals from its platform.
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This comes after the SEC sued Binance, its CEO, and Binance.US in June over allegations of deceptive practices.
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The SEC had asked a court to freeze Binance.US's assets in early June.
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Binance.US had already halted dollar deposits after the SEC lawsuit.
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Customers can still withdraw dollars by first converting to stablecoins or other digital assets.
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