June 19 (Cointime) - Binance and the US Securities and Exchange Commission reached an agreement to avoid a full asset freeze of the platform in the US and keep customer assets in the United States, after a US district judge signed off on a consent order filed Saturday.

The agreement was reached amid a wide-ranging, ongoing lawsuit filed by the SEC, which could take months if not years to resolve, accusing the company of running an illegal securities exchange.The defendants, which include CEO Changpeng Zhao, agreed to repatriate assets held for the benefit of US customers. The agreement makes sure those assets are protected and remain in the United States to prevent them from moving offshore, according to the consent order.