Recent developments show that the US Securities and Stock Exchange Commission (SEC) can re -evaluate the approach in crypto regulations. Cases against large crypto exchanges such as Coinbase and Binance were temporarily stopped by the guidance of the newly established Crypto Task Force. This change may be a harbinger of an important transformation in the regulatory environment.
28 -day extension request in the coinbase case
In Coinbase’s ongoing case with the SEC, the court stopped the case last month with a significant decision. The court gave Coinbase the right to appeal whether the laws of the existing securities can be applied to digital assets. Such appeal applications are among the rare applications made while other parts of the case continue.
As expected, the SEC requested a 28 -day extension to respond to this appeal. Coinbase accepted SEC’s request. The extension seems to give more time to shape the decisions of the new regulatory task force.
Binance and SEC joint extension agreement
Similarly, on February 10, 2025, Binance and SEC filed a joint application to stop the case for 60 days. This application emphasized the possibility that the new crypto Task Force will bring a different perspective to the regulations.
Experts predicted that these developments could direct other crypto companies such as Coinbase, Ripple and Kraken to similar extension demands. Mission Force’s recommendations can contribute to SEC’s scratching a clearer and innovative path in crypto asset regulations.
Leadership change in SEC and new approach
Hours before Trump took office, Gary Gensler resigned from his post. Instead, the pro -crypto lawyer Mark Uyeda was appointed as the Head of Temporary SEC. This change increased the expectations that SEC’s more flexible approach to crypto arrangements.
The new crypto task force aims to provide more clarity on how to apply Federal Securities to the crypto market. The task force currently operates under the leadership of the SEC commissioner Hester Peirce. The suggestions of the task force can lead to a significant change in the SEC’s approach and provide a long -awaited regulatory clarity in the crypto world.
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