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Binance.US has reintroduced the ability for customers to deposit and withdraw U.S. dollars using ACH bank transfers, following a suspension that lasted nearly two years due to legal action from Gary Gensler's SEC.
What’s the Scoop?
- Fiat Deposits Return: Binance.US customers can now deposit and withdraw U.S. dollars on the platform for the first time since June 2023.
- SEC Lawsuit Impact: Fiat functionality was initially suspended after the SEC filed a lawsuit against Binance.US for alleged securities law violations.
- Regulatory Developments: A new pro-crypto administration under Trump is creating optimism for a reset in the crypto industry, though Binance.US is still waiting for further regulatory clarity.
USD services are returning to https://t.co/AZwoBOgsqS!
— Binance.US 🇺🇸 (@BinanceUS) February 19, 2025
Access is rolling out over the coming days. Here’s what you can look forward to:
✅ Deposit and withdraw USD with 0% fees
✅ Buy crypto using bank transfer (ACH)
✅ Trade via popular USD pairs pic.twitter.com/weyayFJU1W
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