The American Securities and Exchange (SEC) and Crypto Exchange Binance commission asked an US federal judge an additional two -month break in their legal battle for almost two years.
“Since the court has stayed this case, the parties have had productive discussions, including discussions concerning the way in which the efforts of the working group on the crypto can have an impact on the allegations of the dry,” the two parties said in a joint status report of April 11 with the American district court of the District of Columbia.
Dry requires a binance to accept the extension
According to the file, the SEC asked and Binance agreed with another extension of 60 days while the regulator continues to request authorization to “approve any resolution or modification of the scope of this dispute”.
“The accused agreed that the continuation of the stay is appropriate and in the interest of the judicial economy,” said the file.
The demand comes shortly after the SEC abandoned a series of pursuits related to the crypto for the exchanges of Crypto Coinbase, Kraken and Gemini, as well as Robinhood and Convenys.
At the end of the 60 -day period, the dry and the binance plan to submit another joint situation report. This marks the second 60 -day break that the dry and the binance asked this year, following a previous extension granted by the judge on February 11.
The recently launched crypto working group was a key reason for demanding the second extension. Source: Court
The request in February occurred only a few days after the skeptical crypto Gary Gensler left the president of the SEC on January 20, with the SEC commissioner, friendly, Mark Uyeda, as acting president.
At the time, the dry and binance also cited the creation of the working group on the crypto of the dry as the reason for the break.
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Trained one day after Gensler resigned on January 21, the working group said that it aims to “help the commission to trace clear regulatory lines, provide realistic paths to registration, craftsmanship of sensitive disclosure frameworks and judiciously deploy the application resources.”
The legal battle of the dry against Binance has been dragging for almost two years. He started in June 2023 when the agency filed a complaint against Binance, his American platform and the CEO Changpeng “CZ” Zhao.
The American regulator brought 13 accusations against Binance, including unregistered offers and sales of the BNB and Binance USD tokens, simple gay and BNB vault products, and its implementation program.
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