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Reading: Court Decisions in Binance and SEC Case, When Will the Case End?
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EdaFace Newsfeed > Latest News > Regulations, Law & Policy > Court Decisions in Binance and SEC Case, When Will the Case End?
Regulations, Law & Policy

Court Decisions in Binance and SEC Case, When Will the Case End?

vitalclick
Last updated: October 18, 2024 8:50 pm
5 months ago
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In the case between Binance and the U.S. Securities and Exchange Commission (SEC), the district judge signed important orders based on the joint report and the SEC’s request to amend the complaint. The court decided on a timeline that will extend this case, which caused great repercussions in the crypto market, until 2026.

Approved SEC’s RequestCase Extended Until 2026

Approved SEC’s Request

In the latest ruling, Judge Amy Berman Jackson granted the SEC’s request to amend the original complaint regarding the use of “cryptoasset securities” in the case.

Binance, BinanceUS, and Changpeng Zhao and the plaintiff SEC agreed to review findings of fact on all allegations. In this context, issues such as Binance’s initial public offering of BNB tokens, claims regarding BNB Vault, and the presentation of BAM Trading’s staking program as an investment contract were discussed.

Case Extended Until 2026

Based on the joint report submitted by Binance and the SEC, Judge Jackson extended the discovery and deposition process until 2026. The parties will submit initial statements by October 25 and submit responses to the amended complaint on November 4.

“The parties can now focus on factual findings on all allegations moving forward within the scope of the complaint.” – Judge Jackson.

The court decided to reject some claims. For example, it will not be decided in the case whether tokens such as SOL, ADA and MATIC are securities.

While this long-running case between Binance and the SEC increases uncertainty in the crypto market, the legal conflict between the parties is expected to continue until 2026. Likewise, due to the SEC’s appeal request, Ripple $0.551488 The case seems likely to be concluded in 2026 at the earliest. This means we may continue to feel the impact of legal pressure on cryptocurrency markets for the next 12 months. Moreover, even if the SEC chairman changes, there will be limited relief in crypto as legal processes will continue.

This case between Binance and the SEC sets an important precedent for the regulation of crypto assets. Ultimately, this case could have decisive effects on the future of the crypto market. Investors and market players will continue to closely monitor the progress of the case.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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