Binance and SEC file joint motion pausing legal case for 60 days

FOX Business journalist Eleanor Terrett believes it could open the door for other companies facing SEC lawsuits The SEC sued Binance and its former CEO, Changpeng Zhao, in 2023 for violating securities laws in the US Binance and the US Securities and Exchange Commission (SEC) have filed a joint motion pausing their legal case for […] The post Binance and SEC file joint motion pausing legal case for 60 days appeared first on CoinJournal.

Feb 11, 2025 - 12:23

Binance and SEC file joint motion pausing legal case for 60 days

FOX Business journalist Eleanor Terrett believes it could open the door for other companies facing SEC lawsuits
The SEC sued Binance and its former CEO, Changpeng Zhao, in 2023 for violating securities laws in the US

Binance and the US Securities and Exchange Commission (SEC) have filed a joint motion pausing their legal case for 60 days.

According to the document, the new SEC crypto taskforce – created by acting SEC chair Mark Uyeda – may have had a possible impact on the case.

The motion, submitted to the US District Court for the District of Columbia on February 10, reads: “The work of this task force may impact and facilitate the potential resolution of this case.”

According to FOX Business journalist Eleanor Terrett, this could open the door for other companies facing SEC lawsuits.

In a post on X, Terrett said: “I expect we’ll see other non-fraud cases (i.e. @Ripple, @coinbase, @krakenfx and others) follow suit in this manner.”