SEC and Binance US Strike Deal on Asset Access

The U.S. Securities and Exchange Commission (SEC) and Binance US, a U.S. branch of the popular cryptocurrency exchange Binance, recently reached an agreement regarding the access of digital assets to U.S. investors.

The deal, which was announced on October 1, 2020, allows Binance US to offer its customers access to a wide range of digital assets, including Bitcoin, Ethereum, and other major cryptocurrencies. The agreement also allows Binance US to list new digital assets, subject to SEC approval.

The agreement is a major step forward for the cryptocurrency industry, as it allows U.S. investors to access a wider range of digital assets than ever before. This is an important development, as it gives investors more options and flexibility when it comes to investing in digital assets.

The agreement also provides clarity to the cryptocurrency industry, as it provides a framework for how digital assets can be accessed by U.S. investors. This is an important development, as it helps to ensure that the industry is operating within the bounds of the law.

The agreement between the SEC and Binance US is a positive development for the cryptocurrency industry, and it is likely to have a positive impact on the industry as a whole. This is a major step forward for the industry, and it is likely to open up new opportunities for U.S. investors.

Details of the Agreement

The agreement between the SEC and Binance US includes the registration of Binance US as a broker-dealer and the establishment of a new digital asset trading platform. The agreement also includes a commitment to comply with SEC regulations and to provide access to digital assets to U.S. investors.

The new platform will be subject to SEC oversight and will be required to register as a broker-dealer and as an alternative trading system. The platform will also need to comply with SEC regulations, including the requirements to provide investors with adequate disclosure of material facts and to protect customer assets.

The agreement also includes a commitment from Binance US to provide access to digital assets to U.S. investors, including those who are not accredited investors. Binance US will also be required to provide investors with adequate disclosure of material facts and to protect customer assets.

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