The U.S. Securities and Exchange Commission (SEC) and Binance, along with its former CEO Changpeng Zhao (CZ), have agreed to a 60-day stay in their ongoing legal battle. This pause, initiated by a court filing on Monday, aims to facilitate an early resolution and conserve resources. The case, which began in 2023, involves allegations of securities law violations against Binance, BAM Management, and CZ. The newly established Crypto Task Force, set up by Acting SEC Chairman Mark T. Uyeda on January 21, is expected to play a role in resolving the case. This task force focuses on developing a regulatory framework for cryptocurrencies. The SEC’s case has been described as meritless by Binance, who expressed eagerness to resolve the issue and continue enhancing their platform’s security and trustworthiness.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
