The U.S. Securities and Exchange Commission has requested that a federal court issue a temporary restraining order to freeze the U.S. assets of cryptocurrency exchange Binance. This action comes after the SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao, accusing them of deceptive practices and a disregard for U.S. laws and regulations. The SEC alleges that Binance engaged in violative conduct for years, including artificially inflating trading volumes, diverting customer funds, and misleading investors. Binance, based in the Cayman Islands, stated that the SEC's motion only applies to its U.S. affiliate, Binance.US. The exchange reassured users that their assets would remain safe and that normal deposit and withdrawal operations would continue. In addition to the SEC's lawsuit, Binance faces legal actions from the Commodity Futures Trading Commission and the U.S. Department of Justice.