(Reuters) – A federal judge in Washington, DC, placed a civil lawsuit against the Securities and Exchange Commission in a civil lawsuit pending 60 days against Vinance, granting a joint request with regulators and the world’s largest cryptocurrency exchange .
US District Judge Amy Berman Jackson said Monday that a new SEC task force for the parties to consider cryptocurrency regulations will “impact and promote the potential resolution of this case.” issued her order.
The SEC task force, created last month, is led by Republican commissioner Hester Perth, a powerful cryptocurrency supporter.
The SEC sued Binance and founder Changpeng Zhao in June 2023, accusing him of misleading the exchange of artificially inflated trading volumes, diverting customer funds and misleading investors’ surveillance management I did.
Republican President Donald Trump has pledged to make the United States a global hub for the cryptocurrency industry.
He appointed Paul Atkins, a Washington lawyer who is considered code-friendly, to become the SEC chair.
Atkins replaced Gary Jensler. Gary Jensler has sparked industry opposition by promoting cryptocurrency regulations and suppressing what is known as the industry’s “Wild West” mentality.
(Reporting by Jonathan Stempel of New York, edited by Nia Williams)