SEC is looking for a break in binance litigation in CRIPTO CRACKDOWN sign ends – DL News

Did Cripto Crackdown just finish?

Surely, after the US Secure and Exchange Commission, they requested the judge to press the pause button on their lawsuit against the bynance and the founders of Changpeng Zhao during 60 days.

In a movement Together with the world’s largest CRIPTO Exchange and Zhao, SEC said that the new crypto working group could change the course of the litigation.

“The work of this working group may also affect and facilitate potentially solving this case,” the Agency in the Judicial newspapers was said.

Hester Peirce takes over compensation

There were no other details about why this could happen.

Still, the SEC Hester Peirce trustee, Pro-crypto official Who often did not agree with the “regulation by application” by access to the former Chair of Gansler, Heads The Tabadese Kole.

The chances that this move means the sec, which acts under the occupied chair of Mark UIed, ready to withdraw the plug to the plugs submitted against all leading crypto players in recent years.

In addition to Binance, the Agency accused coinceas, rigals and other ventures of illegal trading or issuing unregistered securities for his customers.

Cripto goals

Under Gensler, Sex claimed to be many cryptocurries Registered and regulated in the same way as supplies and bonds. If they didn’t, Gensler claimed, ordinary investors were in danger of suffering great losses unscrupulous crippt issuers.

Binance, coins, rigal and other goals denied the SEC allegations.

Last July Donald Trump accepted the industry argument that Gensler Gorm has been brought to American competitiveness in the global crypto market.

Shortly after laying the function as a president in January, Trump Nominated Paul AtkinsPro-crypt lawyer, to move on the sec.

SEC request for a break in Binding litigation litigation is striking because in November 2023. Exchange confessed to the blame Violation of the American Law on Banks by accommodating criminals and terrorists on their platform.

Guilt

The company paid $ 4.3 billion in Penal and Zhao, who also admitted guilt, served Four months in prison.

With the new crypt, the legislation was introduced in Congress and a dec that reviews its access to the industry, time time in case is not unexpected.

In November, John Reed Starka, former Chief of Secretaries, the Internet and open crypto critics, predicted that cases of the Agency will be measured in the stopping of the scream. “

Binance will be given a rapid resolution of its regulatory troubles in the United States.

“We are grateful to the temporary president of its thoughtful approach and ensuring the appropriate legislative and regulatory focus in this new, golden era of blocks in the United States and around the world,” said the bynance spokesman in the statement DL News.

However, binance faces legal challenges in other peoples.

The authorities in France began last month Sounding Cripto Exchange. And the binance is facing Money laundering and currency manipulation costs In Nigeria.

Osato Avan-Nomaio Is our correspondent in Nigeria based. It covers Defi and Tech. You have the top? Please contact him at osato@dlnews.com.