With this Act, Congress created the Securities and Exchange Commission. The Act empowers the SEC with broad authority over all aspects of the securities industry. This includes the power to register, regulate, and oversee brokerage firms, transfer agents, and clearing agencies as well as the nation's securities self regulatory organizations (SROs).
https://www.sec.gov/about/about-securities-laws
HIndi naman nagsampa sa korte ang SEC para ipa block ang Binance sila mismo ang nag order kasi within jurisdiction at power nila ito kaya malamang i uphold lamang ng korte kung maghahabol ang Binance na sa tingin ko at unlikely malamang mag comply sila kaysa mag resist sa order.
Tama, hindi na kailangan ng court order dito kasi wala namang license ang Binance. Kung titingnan parang non existent lang sila, or nag ooperate illegally, at dahil illegal ang ginagawa nila, pwede silang hulihin or i ban, yang lang ang mangyayari. Unless kung mag comply sila which is parang hindi naman yata interested kasi wala silang update.
SEC will held them for illegal operation, and with the help of the NTC, they can block access to Binance website.