- Federal judge rules Binance’s US operator BAM can invest in US Treasuries.
- BAM can also transfer crypto to third-party investment advisers with which it is not affiliated
Binance’s US affiliate received permission from Federal Judge Amy Berman Jackson to invest some customer assets in US Treasury bills.
Binance can also transfer crypto to third-party investment advisers with which it is not affiliated, under the ruling.
Binance’s US operator BAM will be allowed to invest some customer fiat funds now held at crypto custody company BitGo into Treasuries that “will mature on a rolling four-week basis provided that no third parties, including Binance entities, are involved in the investment,” according to the court order.
It added that BAM must also maintain sufficient US dollars on its platform to honour all expected customer fiat withdrawal requests, amend its terms of use and provide notice to customers.
Last June, the Securities…
