Settle with Binance over asset freeze to allow ops, judge urges US SEC

A US judge has urged the Securities and Exchange Commission (SEC) to reach a settlement with crypto exchange Binance to let it continue operating in the US.

The New York Times reported that Judge Amy Berman Jackson of the US District Court for the District of Columbia asked the two sides to reach a compromise over the asset freeze.

She ordered both the parties to continue negotiating and submit a status update by Thursday.

The judge also expressed skepticism about the SEC’s use of its enforcement powers to regulate the crypto industry, calling it “inefficient and cumbersome”.