On Friday night, the lawyers of the US stock and values commission. UU. And Binance presented a joint state report asking a federal judge to continue a 60 -day pause in the case for another 60 days.
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The narrative
We listen to two more cases of the Commission of Securities and Securities (SEC) this week. The first, Binance and the SEC, stopped for the last time in February, although Friday’s lawyers for Friday asked for another extension to continue discussing issues. Separately, Nova Labs established accusations with the regulator.
Why does it matter
As we continue to observe the SEC developing its new opinions about digital assets, how its active litigation is still a key signal.
Break down
On Friday, the lawyers of the SEC and Binance (as well as the founder of Binance, Changpeng Zhao, Binance.us and other parts) presented a joint motion asking the federal judge to supervise the case to extend an originally established pause to expire on Monday for another 60 days.
Originally, the SEC said it was requesting the pause to see how the new cryptographic working group of the agency could address digital assets and the application of securities laws. Friday’s presentation echoed this argument, saying that the work of the working group “can affect” its claims in the ongoing litigation. The original pause was scheduled to finish on April 14.
The SEC also presented a motion for a consent sentence after apparently reaching a conciliation agreement with Nova Labs, the company behind Helium. According to the proposal, Nova Labs would pay $ 200,000, but they would not admit or deny the accusations.
The SEC first sued Nova Labs in January 2025, specifically, on January 17, 2025, three days before Donald Trump assumed the position as the 47th President of the United States.
I imagine that there are more cases or investigations that are being resolved that Coendesk has caught, if you have received a war notice and that has now been resolved, please, Pétenos, we are very curious. You can answer this email or communicate with Telegram and Signal.
- Doj Axes Crypto Unit As Trump’s regulatory setback continues: The Department of Justice dissolved its National Team for Cryptocurrency Compliance and ordered prosecutors not to bring a case in which they are adjudicating what there is security or merchandise in the digital asset sector. More about this next week.
- Within the North Korean crypto washing tool: Thorchain: Thorchain and wallets built on the network have been increasingly favored by North Korea computer pirates who seek to move stolen funds from other cryptographic projects. Network operators have refused to block transactions linked to Bybit’s theft since February.
- SD approves the ETF Ether options: The SEC has not yet approved any new product quoted in the Stock Exchange for Tokens like Solana or ETF of Litecoin, but made the ETF Options of Ether of Ether of Green Light this week.
- The new Declaration of the SEC staff urges the detailed disclosure of encryption tokens: The last statement of the staff of the SEC, which left one day before its second round table, focused on the details observed in dissemination of cryptographic companies that launch registered security products.
- Atkins confirmed by the United States Senate to assume the SEC previously led by Gensler: Speaking of the SEC, the Senate confirmed to Trump’s nominee for President Paul Atkins, although he had not sworn at 1:00 pm et on Friday.
- The former Ethereum developer, Virgil Griffith, leaves prison, seeks forgiveness: Virgil Griffith, an Ethereum developer who declared himself guilty of violating the sanctions law and was sentenced to 56 months in prison, was released to a house halfway and is now looking for a forgiveness, said one of his lawyers.
- President Trump signs the resolution that erase the IRS cryptographic rule addressed to Defi: The president of the United States, Donald Trump, signed the joint resolution of the Chamber and the Senate that revoked the IRS Corridor Rule under the Congress Review Law, which means that the IRS can never bring a similar rule again. This is the first specific cryptographic element, approved by Congress, Trump has signed since he assumed the position, marking a milestone for the cryptographic industry.
- 1 In 5 cryptographic cross -chain research involve more than 10 blockchains, elliptical finds: The Blockchain Elliptic analysis firm said that 20% of its research on funds sent through multiple chains now involve at least 10 different networks.
- Ripple and sec Joint file motion to stop the appeals: Ripple and the SEC have submitted a joint motion to stop their ongoing appeals, after last month’s announcement that the parties reached an agreement to resolve the case completely.
- Block accepts a $ 40 million agreement with New York on defective money laundering controls: Block and New York Attorney’s Office resolved accusations that Block did not have a money laundering process for its cash application.
- Judge Rules against most of the DCG motion to dismiss the demand for fraud of civil values of NYAG: A Judge of the State of New York eliminated two of the claims of the New York Attorney General against the Digital Currency Group and its executives, but allowed most of the case to proceed in a decision on Friday for the last time.
Wednesday
- 14:00 UTC (10:00 am ET) The Chamber Financial Services Committee celebrated a hearing to discuss the problems before an expected market structure bill addressed by cryptography.
- 18:00 UTC (2:00 PM ET) The Chamber Agriculture Committee also held an audience on similar issues.
Thursday
- 14:00 UTC (10:00 am ET) The Senate Banking Committee held a confirmation hearing on a series of nominees, including the Vice President of the Federal Reserve for the Michelle Bowman Supervision Nominee. Although he received some questions about the review of the regulatory response to the collapse of Silicon Valley Bank, there was nothing substantive around cryptography during the audience.
- 14:30 UTC (10:30 am et) The court that supervises the case of the Department of Justice against Do Kwon held a status conference hearing, where his trial was rescheduled until February 2026. Prosecutors said that the memorandum of the Department of Justice earlier this week will not take into account the case.
Friday
- 17:00 UTC (1:00 PM ET) The United States Stock Exchange and Securities Commission maintained its second cryptographic round table, this time in negotiation rules. The interim president of the SEC, Mark Uyeda, in registered comments, suggested that the agency could analyze an interim regulatory framework for companies until it has more permanent rules.
- (CNN) On Monday, the accounts of Pseudonymous X (previously Twitter) published on a “90 -day pause in the tariffs” that sent the markets that shot, before the White House denied the claim, which could have been based on a misinterpretation of the response of the White House official Kevin Hassett to a question during a Fox News interview.
- (CNN) On Wednesday, the president of the United States, Donald Trump, announced a 90 -day break at the highest tariff rates against most countries, leaving instead the 10% rate rate he announced for the first time last week. Tariff rates in China rose to 125% (then clarified to 145%).
- (CNBC) The US stock market had a “historically wild week” with swing up and down, since merchants reacted to the possible effects that the new US tariffs could have in global trade.
- (Reuters) The manufacturer of How Met Aerospace aircraft, based in Pittsburgh, warned customers that US tariffs could make some shipments stop.
- (Bloomberg) The owners of websites said that the new function of responses generated by Google has made traffic on its websites, although Google is denying it.
If you have thoughts or questions about what I should discuss next week or any other comments you want to share, do not hesitate to send me an email to [email protected] or find myself at bluesky @nikhileshde.bsky.social.
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Look, next week!
