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After evaluating various factors, Binance US has opted to delist Spell (SPELL) and TRON (TRX). Staking for TRON (TRX) will also be halted on April 13.
As per the announcement, deposits for SPELL and TRX on Binance.US will cease on April 17, 2023, at 7 pm PDT / 10 pm EDT. Any deposits made for SPELL or TRX after this deadline will not be credited to your account, although withdrawals for SPELL and TRX will continue to be available.
The Buy, Sell & Convert, and OTC features will be disabled one hour following the closure of deposits.
Staking for TRX will be disabled on April 13, 2023, at 4 am PDT / 7 am EDT and will be removed from the staking page on April 14, 2023, at 5 pm PDT / 8 pm EDT. If you have staked TRX, it will not remain staked and will be returned to your wallet. You will receive your TRX staking rewards and TRX staking on April 14, 2023, at 8 pm PDT / 11 pm EDT.
Trading for SPELL and TRX on Binance.US will conclude on April 18, 2023, at 8 pm PDT / 11 pm EDT, with trading pairs TRX/USD, TRX/USDT, TRX/BTC, SPELL/USD, and SPELL/USDT being removed. All Advanced Trading orders will be automatically canceled after trading ceases for each respective pair.
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This delisting follows a notable event on the morning of March 23, when TRON founder Justin Sun made his first remarks after being sued by the SEC, which claims that TRX and BTT are securities and involved in market manipulation. In response to these allegations, Justin Sun stated that they do not impact TRON’s business operations.
Mr. Sun remarked that the SEC’s focus on TRON is merely a continuation of recent regulatory actions taken against numerous other entities within the crypto sector. TRON expressed its willingness to collaborate with authorities and regulators to establish clear supervisory regulations for the crypto industry, highlighting that by the end of 2022, the island nation of Dominica had recognized TRX and BTT as legitimate payment methods on its platform.
Following the announcement, both tokens experienced a significant decline.
24h TRX price chart. Source: CoinMarketCap 
24h SPELL price chart. Source: CoinMarketCap
DISCLAIMER: The information on this website is provided as general market commentary and does not represent investment advice. We recommend conducting your own research prior to making any investments.
