SEC Lawsuit Against Binance Paused for 60 Days
- A U.S. federal judge has paused the SEC’s lawsuit against Binance for 60 days.
- The pause follows a joint request from the SEC and Binance to review cryptocurrency regulations.
- U.S. District Judge Amy Berman Jackson approved the request to hold the case.
- The SEC accused Binance of inflating trading volumes and misleading investors.
- Changpeng Zhao, founder of Binance, pleaded guilty to separate charges and resigned as CEO.
- A joint status report is due by April 14 to assess whether legal proceedings should resume.
The lawsuit against Binance has been paused for 60 days following a joint request from both parties, with a status report due by April 14 to determine future actions.
Source (2.6)https://coingape.com/us-sec-case-against-binance-paused-as-crypto-task-force-reviews-rules/?rand=24432
