SEC and Binance have made a joint suggestion to suspend a 60 -day lawsuit. They requested a previous temporary stop 60 days ago and “in fruitful discussions” since then.
Both parties asked for more time to end the agreement and consider all the effects of the relevant policy. In the main matter, it is a greatly similar agreement between SEC and Ripple yesterday.
Binance and SEC discuss a settlement
SEC has dropped many of its most prominent enforcement procedures, such as a lawsuit against Ripple. However, despite this progress, some distinguished cases remain.
SEC ends lawsuits against prominent exchanges such as Coinbase and Kaken, and now it is so Preparation To drop one against Binance:
“According to the court’s request on February 13, 2025 minutes, the Securities and Exchange Committee and the defendants defendants are limited … and the Zanging Choho submitted this joint report and moved jointly to continue this issue for an additional 60 days,” and a movement was presented today.
Binance is the largest encryption exchange in the world, and has participated in this battle since 2023. SEC filed a lawsuit against Binance in June of that year, claiming that it had committed some serious crimes.
In addition to violating securities laws, the committee also claims that Binance deliberately lied to the organizers. This caused serious problems to her business, which pushed a long battle.
However, SEC is now under new management. Paul Atkins is the new president of the committee, and he is Give priority a friendly encryption list.
Before its confirmation, the Securities and Stock Exchange Commission, under the Acting Mark Oida, submitted a joint request with Binance to stop Lawsu60 days ago, they have been asking for another extension.
Today’s file is a little shorter than former One, but it indicates that real progress has been made. He claims that Binance and SEC “were in fruitful discussions” related to the encoding and broader effects of politics on the settlement. However, they still need more time to consider a complete solution.
This agreement It is similar to that introduction yesterday. Specifically, the committee also requested a 60 -day stand in an appeal from Ripple, in an attempt to tie loose ends without wasting court resources.
There are some precise differences, but the Binance file with SEC attempts To achieve the same basic goals.
Disintegration
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