SEC and Binance Request 60-Day Case Pause Extension
On Friday, the U.S. Securities and Exchange Commission (SEC) and Binance requested a federal judge to extend a 60-day pause in their ongoing legal case for another 60 days. The pause was initially set to end on April 14.
The key points include:
- The SEC aims to assess how its new crypto task force may influence digital asset regulations.
- Nova Labs has settled with the SEC, agreeing to pay $200,000 without admitting fault.
- This settlement follows an SEC lawsuit filed against Nova Labs in January 2025.
Additional developments:
- The SEC approved trading of ether ETF options but has not yet approved other token ETFs.
- Paul Atkins was confirmed by the U.S. Senate as the new SEC chair.
- A joint motion between Ripple and the SEC seeks to pause appeals related to their case.
- Block settled allegations over faulty anti-money laundering controls for $40 million.
- A New York judge ruled mainly against DCG's motion to dismiss a civil securities fraud suit.
Upcoming events include various congressional hearings discussing crypto regulations and a status conference for the DOJ's case against Do Kwon, rescheduled for February 2026.