Ramazan Eles 
Binance.US has received court approval to invest in US Treasury bonds.
The ruling was signed by US District Judge Amy Berman Jackson in Washington DC.
According to the ruling, Binance.US will direct the assets of BAM Trading Services Inc. and BAM Management US Holdings Inc. with third-party investment advisors. Both entities operate in the US.
Binance.US must also transfer its crypto assets to a third-party custodian unaffiliated with the exchange. BAM will be able to invest customer fiat funds held at BitGo in US Treasury bonds.
However, these bonds must have a four-week maturity, Binance cannot be involved in the process in any way, and BAM must have enough money to meet customer withdrawal requests.
Judge Jackson is overseeing the SEC’s lawsuit against Binance. The SEC last year accused Binance and its former CEO, Changpeng Zhao, of lying to customers, not restricting US investor access to Binance.com, channeling capital to separate investment funds owned by Zhao, and operating as an unregistered exchange. Zhao is currently in jail on charges brought by the Justice Department.
Jackson largely rejected the SEC’s motion to dismiss its case against Binance last month, but did not accept some of the SEC’s claims that secondary sales of BNB were securities.
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