SEC and Binance Seek 60-Day Case Suspension for Early Resolution
- The SEC, Binance, and former CEO Changpeng Zhao filed a motion to pause their case for 60 days.
- The case began in 2023, with the SEC accusing Binance and BAM Management of securities law violations.
- A newly launched Crypto Task Force may assist in resolving the case.
- The Crypto Task Force was established on January 21 by SEC Acting Chairman Mark T. Uyeda.
The SEC and Binance have requested a 60-day suspension to potentially resolve their ongoing legal dispute, which began in 2023 over alleged securities violations. The newly formed Crypto Task Force could play a role in this resolution process.
Source (2.6)https://www.coindesk.com/policy/2025/02/11/binance-and-sec-move-to-halt-case-find-an-early-resolution?rand=52298
