Eleanor Terrett (@EleanorTerrett): 🚨NEW: Here’s the first requested pause on #crypto litigation in the courts since @MarkUyedaUS took over as acting chair.
Estimated coin impact
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🚨NEW: Here’s the first requested pause on #crypto litigation in the courts since @MarkUyedaUS took over as acting chair. @binance and the @SECGov have just filed a joint motion to stay the agency’s case against the exchange for 60 days, citing the new SEC crypto task force as having a possible bearing on the case. “The work of this task force may impact and facilitate the potential resolution of this case.” Following the 60-day period, the parties plan to issue a joint status report to see whether a continuation of the stay is warranted. I expect we’ll see other non-fraud cases (i.e. @Ripple, @coinbase, @krakenfx and others) follow suit in this manner.