The US Securities and Exchange Commission (SEC), Binance and former CEO Changpeng Zhao (CZ) filed a motion to remain their case within 60 days – to make way for an early resolution and save the resources according to a The court filing a US court on Monday.
The ongoing case began in 2023. The SEC has accused Binance and BAM managementThe operating company for Binance US and CZ for allegedly violating security laws.
The new launched Crypto Task Force It may help “facilitate the potential resolution of this case,” the filing court said. It was set up on January 21 by new Sec Acting Chairman Mark T. Uyeda with the aim of helping the SEC develop a regulation of crypto regulation.
“We are grateful to temporary chairman Uyeda for his thoughtful approach to ensure digital assets to receive appropriate legislative and regulations focus on new, golden blockchain periods in the US and around the world. The case of Sec is always not worthy and we are eager to put it behind us and continue our focus on keeping Binance the most safe, licensed and reliable exchange in the world, “said Binance spokesman CoinDesk.
The major crypto companies campaign for there that lower regulation through implementation. So far, the tables have turned for the crypto world with former SEC chair Gary Gensler, who took many crypto companies to court, Get off and President Donald Trump issuing an executive order – calling for Crypto friendly policies.
