{"id":47114,"date":"2025-02-11T11:03:17","date_gmt":"2025-02-11T11:03:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-and-sec-file-joint-motion-pausing-legal-case-for-60-days\/"},"modified":"2025-02-11T11:03:17","modified_gmt":"2025-02-11T11:03:17","slug":"binance-and-sec-file-joint-motion-pausing-legal-case-for-60-days","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-and-sec-file-joint-motion-pausing-legal-case-for-60-days\/","title":{"rendered":"Binance and SEC file joint motion pausing legal case for 60 days"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690392498650-96d2a614-3f11-41c9-bfcc-04f2cc0e8674-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690392498650-96d2a614-3f11-41c9-bfcc-04f2cc0e8674-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690392498650-96d2a614-3f11-41c9-bfcc-04f2cc0e8674-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690392498650-96d2a614-3f11-41c9-bfcc-04f2cc0e8674-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">FOX Business journalist Eleanor Terrett believes it could open the door for other companies facing SEC lawsuits<\/li>\n<li aria-level=\"1\">The SEC sued Binance and its former CEO, Changpeng Zhao, in 2023 for violating securities laws in the US<\/li>\n<\/ul>\n<p>Binance and the US Securities and Exchange Commission (SEC) have filed a joint motion pausing their legal case for 60 days.<\/p>\n<p>According to the document, the <a href=\"https:\/\/coinjournal.net\/news\/acting-sec-chair-uyeda-announces-new-crypto-task-force\/\">new SEC crypto taskforce<\/a> \u2013 created by acting <a href=\"https:\/\/coinjournal.net\/search\/Securities+and+Exchange+Commission\">SEC<\/a> chair <a href=\"https:\/\/coinjournal.net\/search\/Mark+Uyeda\">Mark Uyeda<\/a> \u2013 may have had a possible impact on the case.<\/p>\n<p>The motion, submitted to the US District Court for the District of Columbia on February 10, reads: \u201cThe work of this task force may impact and facilitate the potential resolution of this case.\u201d<\/p>\n<p>According to FOX Business journalist Eleanor Terrett, this could open the door for other companies facing SEC lawsuits.<\/p>\n<p>In a post on <a href=\"https:\/\/x.com\/EleanorTerrett\/status\/1889175581423796304\" target=\"_blank\" rel=\"noopener\">X<\/a>, Terrett said: \u201cI expect we\u2019ll see other non-fraud cases (i.e. @Ripple, @coinbase, @krakenfx and others) follow suit in this manner.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8NEW: Here\u2019s the first requested pause on <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> litigation in the courts since <a href=\"https:\/\/twitter.com\/MarkUyedaUS?ref_src=twsrc%5Etfw\">@MarkUyedaUS<\/a> took over as acting chair. <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> and the <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a> have just filed a joint motion to stay the agency\u2019s case against the exchange for 60 days, citing the new SEC crypto task force as\u2026 <a href=\"https:\/\/t.co\/D2zcolMNC5\">pic.twitter.com\/D2zcolMNC5<\/a><\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1889175581423796304?ref_src=twsrc%5Etfw\">February 11, 2025<\/a><\/p>\n<\/blockquote>\n<h2>SEC lawsuits<\/h2>\n<p>In June 2023, the <a href=\"https:\/\/coinjournal.net\/news\/sec-sues-binance-and-cz-for-breaking-us-securities-rules\/\">SEC sued Binance and its former CEO, Changpeng Zhao<\/a>, for violating securities rules in the US.<\/p>\n<p>According to a report, the agency argued that Binance secretly enabled high-value US customers to trade on the platform as an unregistered securities exchange and broker-dealer.<\/p>\n<p>Coinbase, which is <a href=\"https:\/\/coinjournal.net\/news\/the-sec-strikes-again-first-binance-now-coinbase\/\">fighting the SEC<\/a>, was <a href=\"https:\/\/coinjournal.net\/news\/us-court-grants-coinbase-interlocutory-appeal-in-case-against-the-sec\/\">granted an interlocutory appeal in January<\/a>, temporarily suspending its ongoing court case. According to the SEC, Coinbase amounted \u201cto the operation of an unregistered brokerage, exchange, and clearing agency in violation of federal securities laws.\u201d<\/p>\n<p>Ripple and its long-running case with the SEC stems from its XRP token. In 2020, the SEC sued Ripple, Chris Larsen, and Garlinghouse, <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2020-338\">alleging that they raised $1.3 billion<\/a> through the sale of XRP, an unregistered securities offering, according to the regulator.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-and-sec-file-joint-motion-pausing-legal-case-for-60-days\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) FOX Business journalist Eleanor Terrett believes it could open the door for other companies facing SEC lawsuits The SEC sued Binance and its former CEO, Changpeng Zhao, in 2023 for violating securities laws in the US Binance and the US Securities [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":47115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47114"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47114"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47115"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}