Cryptocurrency exchange Binance and the U.S. Securities and Exchange Commission (SEC) have filed a joint motion to pause their ongoing legal battle for 60 days. In this context, Hester Peirce, SEC Commissioner and Head of the SEC Crypto Task Force, commented on the numerous cases the commission is handling.
Binance and SEC Halt Legal Proceedings
Binance and the SEC have agreed to a 60-day pause in their legal case. This decision may allow both parties to take a break for a more constructive approach to resolving their issues.
Hester Peirce's Comments on SEC Actions
In an interview with Bloomberg, Peirce noted that each case requires individual consideration and that the SEC has many such cases. She emphasized that these processes require time and patience.
Future of Cryptocurrencies and Blockchain Innovation
Peirce stressed that while she does not consider herself an industry advocate, she is a 'freedom maximalist.' It is important to use regulation to support innovation rather than stifle it. In her view, blockchain technologies can significantly contribute to global and secure collaboration.
Hester Peirce expressed optimism about the future of cryptocurrencies and their integration into traditional financial systems, emphasizing the importance of continuing innovation and global collaboration in this field.
