SEC and Binance Extend Legal Case Pause for 60 Days
- The SEC and Binance have requested a federal judge to extend the pause in their legal case by another 60 days.
- The SEC sued Binance in 2023, alleging violations of federal securities laws.
- Charges include operating as an unlicensed clearing agency, broker, and exchange.
- Additional allegations involve fund commingling and trading volume manipulation on Binance.US.
- A newly formed crypto task force may provide guidance on how U.S. securities law applies to digital assets.
The SEC and Binance have agreed to extend the pause in their legal proceedings for another 60 days, allowing more time for discussions influenced by a new crypto task force. The case involves serious allegations against Binance regarding securities law violations.
Source (2.6)https://coingape.com/us-sec-and-binance-agree-to-pause-legal-proceedings-for-60-more-days/?rand=24432
