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International Business Times
International Business Times
Business
Marvie Basilan

SEC, Binance Jointly Seek 60-Day Pause In Gensler-Era Lawsuit; $XRP Army Demands Action For Ripple

SEC Binance Ripple Crypto Lawsuit United States XRP Gary Gensler Changpeng CZ Zhao Coinbase
Binance has filed a joint motion with the SEC to temporarily pause the regulator's lawsuit. (Credit: Binance on X / Video Screenshot)

KEY POINTS

  • The motion stated that recent changes within the SEC could have an impact on the case
  • The parties proposed a status report after the 60-day stay period to determine if another delay was necessary
  • $XRP users believe a similar approach can be taken in the SEC's case against Ripple

The U.S. Securities and Exchange Commission (SEC) has filed a motion to temporarily pause the regulator's lawsuit against crypto exchange giant Binance, marking a significant shift in the agency's approach toward Gensler-era complaints against cryptocurrency firms.

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