Lawyers for the US Securities and Exchange Commission and Binance asked a federal judge on Friday to continue pause in the regulator case against the crypto exchange for another two months, citing “productive discussion.”
The SEC accused Binance in 2023, allegedly the exchange – including US affiliates and executives such as former CEO Changpeng Zhao – violated federal security laws by operating as an unlicensed cleaning, broker and exchange. The SEC has also accused the community and the amount of trading of Binance.us is manipulated. In February, after US President Donald Trump Retook Office and commissioned commissioner Mark Uyeda as chair of the agency’s agency, the regulator requested a 60-day pause in the case, which Set to expire on Monday. The SEC has pointed out a newly created Crypto Task Force aimed at driving a clearer guide around how security law applies to digital ownership as part of its explanation for the demanded pause.
In the fridge of FridayThe lawyers said the discussions included “how the Crypto Task Force efforts could affect the SEC claims,” and request another 60 day pause.
“In connection with the ongoing discussions and time required for staff to seek permission from the commission if necessary to approve any resolution or changes in the scope of this trial, the SEC demanded that the defendants had agreed to continue the current stay for an additional 60 days, and that the defendants had continued to continue the stay and the interests of the judicial economy,” said the economic economy. ”
