- Binance and the SEC jointly request to pause litigation.
- The SEC task force’s work may impact the outcome of the case.
- Analysts foresee a new beginning for the crypto industry.
Binance and the US Securities and Exchange Commission have jointly requested a temporary halt to their ongoing lawsuit for 60 days.
This new development has sent a positive signal throughout the crypto industry, with crypto community members wondering if the SEC may be reconsidering its stance on crypto regulation.
NEW: Here’s the first requested pause on #crypto litigation in the courts since @MarkUyedaUS took over as acting chair. @binance and the @SECGov have just filed a joint motion to stay the agency’s case against the exchange for 60 days, citing the new SEC crypto task force as… pic.twitter.com/D2zcolMNC5
— Eleanor Terrett (@EleanorTerrett) February 11, 2025
The filing is the first of its kind under the current SEC leadership of Mark Uyeda and cites the new SEC crypto task force as having a bearing on the case. Part of the filing clearly stated that the task force work may influence and help resolve this case.
Reports indicate that both parties will issue a …
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