US SEC-Binance, Request for 60-Day Litigation Suspension Again…"Constructive Discussions Held"
Suehyeon Lee
Summary
- It was reported that the SEC and Binance jointly requested a 60-day additional suspension of the lawsuit.
- Both parties stated that discussions related to the Virtual Asset Task Force were constructive.
- They conveyed that the 60-day suspension is in the best interest of everyone.
The U.S. Securities and Exchange Commission (SEC) and Binance have jointly requested the court to suspend the ongoing litigation for an additional 60 days.
According to Eleanor Terrett, host of Crypto in America, on the 12th (local time), the SEC and Binance stated in a recently submitted document that "there have been constructive discussions related to the activities of the SEC's Virtual Asset (Cryptocurrency) Task Force (TF)," and that a temporary suspension of the lawsuit is in the best interest of everyone.
Previously, the court had accepted the request from the SEC and Binance to suspend the lawsuit for 60 days.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
