Binance, SEC legal case on hold as new crypto task force takes charge

A Washington district judge approved a joint request filed by the SEC and the American binance to suspend legal proceedings.

According to the judicial archives, American judge Amy Berman Jackson of the Columbia district accepted Submitted 60 -day stay submitted by the dry, Binance, and its former CEO, Changpeng Zhao.

A 2023 sec civil complaint alleges that Binance violated federal securities laws by operating as an unregistered broker. Simultaneously, the Ministry of Justice charged the company to violate the Banque Secret Act.

Zhao and Binance set the case of the Doj with a record fine of $ 4.3 billion. As part of the agreement, Zhao served four months in federal prison.

Dry and binance request The court to interrupt the current legal proceedings, citing changes to the regulator of securities. Depending on the joint movement, both parties can solve the dispute through the new dry crypto working group.

President of the acting dry Mark Uyeda created The working group shortly after President Donald Trump took office, appointing Hester Peirce, a friendly crypto commissioner to direct the initiative.

“The journey begins now”, Peirce wrote As she assumed her role as leadership. She also said that the same and most cryptographic tokens are not outside the jurisdiction of the dry.

Regulatory changes under President Trump redirect federal guard dogs to neutral surveillance. Agencies like the SEC now focus on lighter regulations of digital assets, a change that could accelerate the adoption of cryptography.