The US Securities and Stock Exchange Committee (SEC) and Crypto Exchange Binance asked the American Federal Judge an additional two -month pause in its legal battle for nearly two years.
“Since the court remained this case, the parties have been in fruitful discussions, including discussions related to how the encryption work team’s efforts on SEC, Binance and Sec He said In the joint situation report on April 11 with the US boycott court for the province of Colombia.
SEC Binance requests to agree to the extension
According to the deposit, the Supreme Education Council and the Binance Agreement requested another 60 days, as the regulator continues to request permission to “agree to any solution or changes on the scale of this litigation.”
“The defendants agreed that continuing residency is appropriate and in the interest of the judicial economy,” the file said.
The demand comes for a long time after SEC dropped a series of coding lawsuits against Crypto Exchandes Coinbase, Kakeen and GEMINI, as well as Robinhood and Consenys.
At the end of a 60 -day period, SEC and Binance plan to submit another joint case report. This is the second stop for 60 days, and SEC and Binance requested this year, after an extension of the previous judge on February 11.
The recently launched encryption squad was a major reason behind the second extension request. source: Courtlistner
The request came in February a few days after Gary Ginserner stepped down in Tasheer as SEC President on January 20, with Mark Oida, SEC Siddiq Crypting Commissioner Mark Oida.
At that time, SEC and Binance were also martyred by creating SEC’s Crypto’s Crypto workplace as a reason for stopping.
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The work squad, which was formed day by just one day of the resignation of Gensler on January 21, was aimed at “helping the committee to draw clear regulatory lines, provide realistic registration paths, craftsmanship disclosure frameworks, and publish implementation resources in a judicial manner.”
SEC’s legal battle with Binance lasted for about two years. It started in June 2023 when the agency filed a lawsuit against Binance, the United States platform, and CEO CHANGPING “CZ” Zhao.
The American organizer pressed 13 charges against Binance, including unregistered offers, BNB sales, Binance USD Tokens, Simple Conn and BNB Vauul, and Stokeing Program.
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