The US Securities and Exchange Commission (SEC), Binance and its former CEO Changpen Zhao (CZ) filed a proposal to remain their case for 60 days – to make room for an early decision and to save resources under a Court filed by a United States Court Monday.
The current case started in 2023. SEC defendant Binance and BAM Management, the Binance USA operating company and CZ for alleged violation of securities law.
The newly launched crypto -task force could help “facilitate the potential solution of this matter,” the court said. It was established on January 21 by the new SEC functioning chairman Mark T. Uyeda with the aim of helping SEC develop a regulatory framework for crypto.
“We are grateful for the temporary chairman Uyeda for his thought -provoking approach to securing digital assets get the appropriate regulatory and regulatory focus in this new, golden era of blockchain in the US and worldwide. SEC’s case has always been without profits, and we are eager to put this behind us and continue our focus on keeping Binance the most secure, licensed and trusted exchange in the world, ”a binance spokesman told Coindesk.
Larger cryptic companies have been campaigned for less regulation to enforce. So far, the tables have turned to the crypto with former SEC chairman Gary Gensler, who took many cryptic businesses to court, stepped down and President Donald Trump issuing a executive order – called for crypto -related policies.
