The U.S. Securities and Alternate Charge (SEC) and Binance.US, the U.S.-based entirely subsidiary of Binance, bag agreed to figure out a deal that avoids a total asset freeze of the crypto alternate’s assets.

In step with a Tuesday narrative from Bloomberg, U.S. District Settle Amy Berman Jackson acknowledged the two weren’t a ways faraway from knowing a contrivance to offer protection to buyer assets by no longer shutting down the alternate amid the continued lawsuit.

“Shutting it down utterly would make necessary penalties no longer fully for the corporate but for the digital asset markets in not unusual,” Jackson acknowledged.

She referred Binance.US and the SEC to a Justice of the Peace resolve to figure out a compromise agreement and acknowledged she would withhold off on ruling on the SEC’s set an direct to for an asset freeze until a call had been reached with the Justice of the Peace.

The resolve additionally asked Binance.US to offer a listing of its industry charges to the court docket whereas the parties continue negotiating, CoinDesk reported.

“We are delivery to the industry persevering with to characteristic,” acknowledged SEC lawyer Jennifer Farer to the resolve on Tuesday.

In a motion filed on Monday, Binance.US argued that the SEC’s set an direct to to freeze all of its assets would effectively cease its industry. The crypto alternate acknowledged that the outcomes of the set an direct to had been already taking build, with one of its banking partners freezing all activity on Binance.US’ account until the court docket rules on the SEC’s motion.

The SEC lawsuit, filed on June 5, named 13 charges in opposition to Binance entities, including its founder Changpeng Zhao. The fees consist of running an unregistered alternate, misrepresenting trading controls and the unregistered sale of securities.