Binance and SEC Seek 60-Day Stay in Ongoing Court Battle
Binance and the SEC have jointly filed for a stay in their ongoing legal case, requesting a 60-day pause to explore potential resolutions. Key points include:
- The SEC initiated the request for the stay.
- This period may allow the SEC's new crypto task force to assess the situation.
- Similar stays might occur in other cases, such as Coinbase’s.
- SEC Commissioner Hester Peirce noted many cases are still in litigation and urged patience from market participants.
This development indicates a shift in approach as regulatory clarity in the crypto space evolves.