The SEC and Binance have filed for a 60-day stay, signaling a potential resolution to the 2023 lawsuit against the crypto exchange.
Binance and SEC Aim for Settlement
Binance, its founder Changpeng Zhao, and the U.S. Securities and Exchange Commission (SEC) have jointly requested a 60-day pause in their legal battle. The move suggests both parties are working toward a settlement without further court proceedings.
Crypto Enforcement Shift Under New Leadership
The SEC sued Binance and Coinbase in 2023, alleging securities law violations under former Chair Gary Gensler. However, following President Trump’s inauguration, the SEC’s stance on crypto regulation has softened. The agency’s Crypto Task Force, launched by interim Chair Mark Uyeda, is now reassessing pending litigation and prioritizing fraud-related cases over regulatory disputes.
Optimism for a Crypto-Friendly Regulatory Approach
The internal reshuffle includes the reassignment of top crypto prosecutor Jorge Tenreiro and a broader pivot toward regulatory clarity. Industry leaders, who have long pushed for transparent guidelines, view these changes as a positive shift toward fairer oversight.
Trump Administration Signals Pro-Crypto Policies
White House AI and crypto czar David Sacks confirmed President Trump’s interest in adopting “common sense” policies to support blockchain innovation while protecting investors. The evolving regulatory landscape could bring long-awaited clarity to the U.S. crypto industry.
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