A federal judge in Washington, DC, granted the temporary judgment of the US SEC trial against Binance, approving the joint request of the two parties.
The 60 -day stay, issued by American district judge Amy Berman Jackson, is undergoing a new development involving a dry working group examining cryptographic regulations. The dry and the binance asked for the break to assess how the results of the working group could affect the case.
The trial, tabled in June 2023, accused Binance and its founder, Changpeng Zhao, of inflating negotiation volumes, of using customer funds and not to provide transparent monitoring measures.
The regulator had previously argued that the binance listed cryptographic assets operating as securities without appropriate recording.
Dry working group and its impact
Dry working groupCreated last month, is led by Commissioner Hester Peirce, a supporting supporter of the cryptocurrency. The initiative hopes to influence current regulatory actions, including high -level application cases.
The decision to suspend the case of the Binance indicates a potential change in the approach of the dry towards the crypto under a new leadership.
Market players expect the SEC can reassess its application strategy under the new management. The trial against Binance is part of this scope, which makes it a probable subject of revision.
The previous president of the SEC, Gary Gensler, pleaded for stricter surveillance, often comparing the rapid growth of the industry to a “Wild West” requiring stronger investor protections.
Meanwhile, President Donald Trump is committed to making the United States a main cryptocurrency center. His appointment of Paul AtkinsA lawyer with Crypto user -friendly opinions because the new potential SEC president supports the expectations of regulatory changes promoting industry.
Another regulatory obstacle for binance
It is crucial to note that French regulators also have opened an investigation In Binance, citing potential links with fraudulent activities.
The economic and financial branch of the Paris prosecutor’s office, Junalco revealed on Tuesday that it had launched an investigation into the exchange.
The authorities examine the alleged involvement of Binance in various illicit operations, in particular by facilitating money laundering, drug -related transactions and financing terrorism. The probe extends over a period of five years, covering Binance’s activities from 2019 to 2024.
French officials also examine potential fraudulent activities beyond their borders, assessing the company’s compliance with European financial laws. The current survey marks another regulatory obstacle for Binance, which was faced with a meticulous examination of the world authorities.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.
