Bitcoin rises above $ 26,000 thanks to a deal between the US government and Binance

The value of the flagship cryptocurrency reacted to the news that the US authorities will not freeze the assets of the American division of the Binance crypto exchange.

The price of BTC $65,755.33 Bitcoin -0.33% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion rose from $ 26,300 to $ 26,600 after the information was made public. Since then, the price of BTC has been fluctuating between $ 26,300 and $ 26,700. According to CoinGecko, at the time of writing, bitcoin is trading at $ 26,403.

The SEC and Binance have agreed that the assets of Binance. US, which the regulator proposed to freeze, will be available only to employees of the exchange’s American division. The platform has undertaken to ensure that none of the officials of the global exchange Binance Holdings will have access to the private keys of the wallets and the Binance. US platform.

The U.S. platform is also prohibited from spending corporate assets other than in the normal course of business. The order helps to ensure that Binance. US customers are allowed to withdraw their assets from the platform, and that those tokens that remain on Binance. US are protected and remain in the United States.

We would like to remind you that the «war «between the regulator and Binance continues. The latest development is that a judicial investigation initiated by the US Securities and Exchange Commission (SEC) against Binance has shown that the platform’s activities are significantly influenced by a shadowy leader who may be behind questionable transactions, according to the SEC. Most likely, this is Guangyin Chen, aka Haina Chen.

According to Forbes, Chen runs eight companies that are closely associated with Binance. Dozens of bank accounts belonging to at least 27 organizations registered in 13 jurisdictions have been opened under the top manager’s signature.