this post was submitted on 11 Feb 2025
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In change in crypto enforcement, SEC and Binance seek pause in lawsuit (www.aljazeera.com)
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Author: Al Jazeera
Published on: 11/02/2025 | 00:00:00

AI Summary:
The motion to request a stay for 60 days marks the first clear effort to retreat from the SEC’s previous crypto enforcement under Democratic leadership. The SEC was expected to begin a review of existing court cases like those against Binance, where the regulator has argued the firms are listing crypto tokens that behave like securities. Paul Atkins has yet to be confirmed by Congress, but the SEC has already started shifting priorities under its existing Republican leadership. The SEC’s prior chair, Gary Gensler, had asked Congress to help the agency rein in the crypto “Wild West” On Tuesday, SEC noted that the comparison with the Wild West has “positive sides”.

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