SEC, Binance Ask Judge to Extend Pause in Ongoing Case
Powered by @unfolded- Attorneys for the SEC and Binance requested a two-month extension of the pause in the case against the crypto exchange, citing productive discussions.
- The SEC's lawsuit against Binance alleges violations of federal securities laws, including operating as an unlicensed clearing agency and manipulating trading volume.
- The request for a pause follows the establishment of a new crypto task force aimed at providing clearer guidance on the application of securities law to digital assets.
- Both parties agreed that extending the stay is appropriate for judicial economy and necessary for further discussions on the implications of the crypto task force's efforts.
https://www.coindesk.com/policy/2025/04/11/sec-binance-ask-judge-to-extend-pause-in-ongoing-case