The US Securities and Stock Exchange Committee (SEC) and Binance asked the Federal judge to extend the stopping in their continuous legal case for another 60 days.
This decision follows what the two parties described as “fruitful discussions” and will save more time for more deliberations.
The United States is agreeing to stop legal procedures
SEC initially filed a lawsuit against Binance in 2023, accusing the exchange and its executives, including former CEO, Changpeng Zhao, of violating federal securities laws, and is now the strategic co -council of Pakistan. The fees focused on running Binance as an unlicensed clearing agency, mediator, and exchange.
Additional allegations included the organization of funds and manipulation of the trading volume of Binance.us, its affiliated in the United States. These dangerous claims have led to continuous litigation, which was temporarily stopped several times to allow the parties to negotiate and clarify their positions.
Earlier this year, the Supreme Education Council requested a temporary stop for a period of 60 days in the case to allow discussions about a new encoding work team to clarify how the Securities Law is applied to digital assets. This temporary suspension was appointed on April 14, 2025, but SEC and Binance are now mutually agreed to extend it for an additional two months.
Reasons for the continued temporary stopping
SEC explained, in its file, that the discussions between the two parties have focused on how the newly formed encryption squad was implemented on the case. The work squad, created to address organizational issues in the cryptocurrency sector, may provide clearer instructions on how the US Securities Law applies digital assets.
SEC also indicated that additional time to license from the committee is needed before making any decisions or reviews within the case. Binance, for its part, agreed to extend the stopping in the interest of everyone and will help facilitate the ongoing discussions between the two sides.
“Continuous temporary suspension and the interest of the judicial economy”, and the file mentioned. SEC and Binance noted that they aim to resolve the matter efficiently, without delaying or unnecessary complications.
The role of the encryption team in the case
The newly established encryption squad at SEC may be how to treat digital asset transactions under American law. In a recent statement, the President of SEC Mark Oida stressed the importance of clear regulations for the cryptocurrency market and indicated that The role of the business group It is to create long -term solutions to regulate encryption trading.
UYEDA also suggested that the “exempt and conditional relief framework” be appropriate to allow innovation in Blockchain technology while maintaining organizational control. He encouraged market participants to contribute to their views about where these exemptions may be necessary to enhance industry growth.
The efforts of the encryption squad may affect how SEC treats its case against Binance and its broader approach to regulating the area of digital assets. The Labor Squad aims to ensure that American law can adapt to advanced technology behind encrypted currencies while protecting investors and ensuring market safety.
The following steps in legal procedures
As the case now stops for another 60 days, SEC and Binance will continue their discussions and wait for more directions from the encryption band. The following update will come to the condition of the case after a period of 60 days.
With a temporary stop, such as the case of Ripple VS SEC, the stakeholders in the coded currency industry will closely monitor the results of the discussions, as the issue can determine important precedents of future regulatory procedures.
As a result, SEC made it clear that it focuses on ensuring compliance with the laws of securities, while Binance mentioned its commitment to work within the framework of American regulations.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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