Binance, Dec Request for a legal battle as Trump crypto policy forms shape

(Reuters) – Binance and American securities commissions asked the Court at the 60-day residence on the lawsuit against Cripto Exchange, citing the potential impact of the newly announced working group.

In the court on Monday, the parties said the working groups, formed last month to work on CRIPTO regulations, may “influence potentially solving this case”.

The stay could be an early sign of SEC’s swivel attitude to several crypto-friendl, which reflects the pledge of President Donald Trump to make American Hubs Global Hub for Industry.

In contrast, the former Sec the Garler Grensler called the “Wild West” industry. Under it, the regulator sued the Binash in June 2023. year, accusing the company and her former CEO of the artificial inflation of trading volumes, redirecting customers and misdirects on market surveillance.

Last year, the federal judge ruled that most lawsuits can continue. The regulator is also locked in a dispute with another CRIPTO EKCHANGE tavern.

“Handling CRIPTO has been legally impractic and commercial impractical … It took us a long time to enter this mess, and we should get us out of that,” Trust Sec Hester Peirce, which leads work groups, said in the statement earlier this month.

Trump chose a Cripto-friendly lawyer for Washington Paul Atkins as a new chair SEC, while the prominent Republicans caught efforts to curb what some called “Operation Chokepoint 2.0” – allegedly denied financial services.

(Nickel Nickname Nišishant in Bengalur; Editing Leroi Leo)