The United States Stock Exchange and Securities Commission (SEC), Binance and its former CEO Changpeng Zhao (CZ) presented a motion to maintain their case for 60 days, to give way to an early resolution and save resources according to a presentation of a court of an US. UU. Court on Monday.
The ongoing case began in 2023. The SEC sued Binance and Bam Management, the Binance Us and CZ operational company for allegedly violating the values of securities.
The freshly launched Crypto task force could help “facilitate the potential resolution of this case,” said the presentation of the court. It was created on January 21 by the new interim president of the SEC, Mark T. Uyeda, with the aim of helping the SEC to develop a regulatory framework for cryptography.
“We thank the interim president Uyeda for his reflective approach to ensure that digital assets receive the appropriate legislative and regulatory approach in this new golden era of blockchain in the United States and worldwide. The case of the SEC has always been without merit and we are eager to leave this behind and continue our focus on keeping Binance the safest, licensed and reliable in the world, “said a Binance spokesman for Coindesk.
The main cryptographic companies have been campaigning for less regulation by the application. Until now, the tables have revolved for the cryptographic world with the former president of the SEC, Gary Gensler, who took many cryptographic companies to the courts, renouncing and President Donald Trump issued an executive order, asking for cryptographic policies.
