The conflict between Binance and the SEC continues to influence crypto regulation in the US. Both parties have requested a new 60-day judicial stay.
Key Allegations Against Binance
Since June 2023, Binance has been accused by the SEC of offering financial products without proper authorization in the US. The regulator points to the sale of BNB and BUSD, as well as staking programs deemed illegal.
Potential Consequences of Negotiations
There are two options on the agenda: either an agreement will be reached and the case will be closed without trial, or negotiations will fail and the legal fight will continue. A compromise could ease the situation not only of Binance, but of the entire crypto market in terms of seeking regulatory stability.
New SEC Approach to Regulation
Acting SEC chairman Mark Uyeda seems inclined to ease tensions with the crypto industry. This new stance contrasts with the more aggressive policy of the previous administration.
The task of resolving the situation between Binance and the SEC is of immense significance for the entire crypto industry. Successful negotiations could positively impact regulatory stability and lead to changes in SEC approaches.
