TLDR Crypto · MARKETS & BUSINESS

BINANCE GETS COURT APPROVAL TO INVEST CUSTOMER FUNDS IN US TREASURY BILLS

links.tldrnewsletter.com2 min read

Summary from the TLDR Crypto newsletter

Cryptocurrency exchange Binance has received court approval to invest US customer funds in US Treasury Bills, marking a significant step in utilizing low-risk government debt securities. This comes after a settlement for criminal charges with the US Justice Department that included a $4.3 billion fine and the resignation of former CEO Changpeng Zhao.