Editor's PiCK
SEC's Pro-Crypto Move?… SEC Requests Court to 'Temporarily Halt' Binance Lawsuit
Uk Jin
Summary
- The SEC has reportedly requested the court to temporarily halt the lawsuit related to Binance for 60 days.
- It was stated that this is the first instance under the Mark Uyeda regime where the SEC is changing its stance towards the crypto industry.
- The SEC and Binance will decide on the possibility of further extension of the lawsuit in two months.
The stance of the U.S. Securities and Exchange Commission (SEC) on cryptocurrencies seems to be shifting.
On the 11th, Eleanor Terrett, a Fox Business reporter, announced on X (Twitter) that "the SEC has requested the court to halt the lawsuit related to Binance." This marks the first instance under the Mark Uyeda regime where the SEC has changed its position towards the crypto industry.
Eleanor Terrett reported, "The SEC has requested a 60-day temporary halt on the lawsuit against Binance, citing that the newly launched crypto task force could impact the case," adding, "Binance also submitted a consent form regarding this. Both parties will decide on the possibility of further extension of the lawsuit in two months."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
