Summary
- US court has accepted a 60-day stay request in the lawsuit between SEC and Binance.
- SEC requested the stay considering the potential impact of the US government's virtual asset taskforce on the lawsuit.
- Binance has agreed to the request, leading to a 60-day temporary suspension of the lawsuit.
A US court has granted a 60-day stay in the lawsuit between the Securities and Exchange Commission (SEC) and Binance.
On the 14th (local time), Fox Business reporter Eleanor Terrett announced through her X (formerly Twitter) that "The US court has accepted the 60-day stay request for the lawsuit between the SEC and Binance."
Previously, the SEC requested a 60-day temporary stay in its lawsuit against Binance, considering that the newly established US government's virtual asset (cryptocurrency) taskforce (TF) could affect the lawsuit. Binance was also reported to have agreed to this request.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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