The American Securities and Exchange (SEC) commission and the cryptocurrency exchange binance jointly asked a federal judge to grant an additional 60-day break in their legal dispute of almost two years.
The request, filed on April 11 before the American district court of the Columbia district, highlights ongoing discussions between the two parties that could cause changes in the scope or resolution of the case.
“Since the court suspended this case, the parties have made productive discussions, including discussions concerning the way in which the efforts of the working group on the crypto can have an impact on SEC complaints,” said the file.
Dry is looking for more time to finalize the resolution of Binance cases
The SEC asked the extension to continue to request the internal approval of a possible resolution, and Binance has agreed, citing the advantage of legal efficiency.
This marks the second time this year that the two parties have jointly requested an extension of two months.
The previous break was granted in February, shortly after the president of the SEC, Gary Gensler, known for his difficult position on Crypto, resigned.
Commissioner Mark Uyeda, considered more user -friendly, has since intervened as an interim president.
The training of the working group on the SEC crypto followed the departure of peopleler, the group aimed at clarifying regulatory advice and better allocating application resources.
The dry case against Binance began in June 2023 and includes 13 accusations.
These imply alleged non-recorded sales of its BNB and Busd tokens, the operation of investment products like simple Gagnie and BNB Vault, and its implementation program.
Binance and his former CEO, Changpeng “CZ” Zhao, denied allegations.
The last deposit comes when the SEC recently withdrawn several large -scale application actions, including cases against Coinbase, Kraken, Gemini, Robinhood and Consensys, reporting a change in regulatory tone under the new management.
CZ linked to the Doj affair against Justin Sun in the new WSJ report
Meanwhile, separate controversy involving CZ has also resurfaced.
April 11 The Wall Street Journal said Zhao would have agreed to testify against the founder of Tron Justin Sun in the context of his agreement with the Ministry of Justice.
CZ rejected the complaint, publishing on X: “WSJ really tries here. They seem to have forgotten who went to prison and who did not do it. People who become government witnesses do not go to prison. ”
WSJ really tries here. They seem to have forgotten who went to prison and who did not do it.
People who become government witnesses do not go to prison. They are protected.
I heard that someone paid WSJ employees to go wrong.
https://t.co/xqpnbwvlmi
– CZ
https://t.co/xqpnbwvlmi
BNB (@cz_binance) Zhao was sentenced in April 2024 to four months in prison for violations of fighting money laundering.
He was released in September, retaining his richest position as a richest to have ever served an American prison sentence, with a net value of 60 billion dollars at the time.
Last week, a Nigerian court postponed a large -scale tax evasion case against Binance until April 30 after the Crypto exchange challenged the legality behind the way in which court documents were noted.
Binance’s legal advisor, Chukwuka Ikwuazom, said that Federal Inland Revenue Service (FIRS) had not obtained approval from the court to serve documents outside the Nigeria.
He argued that the order of February 11 authorizing the substituted service was not valid. Binance is recorded in the Cayman Islands and has no physical office in Nigeria.
The dry post and Binance are looking for another two -month break in the current legal battle appeared first on Cryptonews.
