Binance.US Halts Dollar Deposits, Robinhood Delists Tokens After SEC Crackdown

Binance.US Halts Dollar Deposits, Robinhood Delists Tokens After SEC Crackdown
Binance logo in an illustration taken on March 31, 2023. Dado Ruvic/Reuters/Illustration
Reuters
Updated:

The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S. securities regulator stepped up its crackdown on the crypto sector.

Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar withdrawal channels as early as June 13, after the U.S. Securities and Exchange Commission (SEC) asked a court to freeze its assets. Customers have until Tuesday to withdraw their funds.