Legal Case Paused as Crypto Task Force Reshapes Regulation | Airdrop Alert Pro

SEC and Binance agree to suspend legal cases

On February 10, 2025, Binance and the US SEC jointly filed an appeal Maintain regulatory agencies’ legal procedures Oppose the exchange for 60 days.

The petition points to the possibility of a new SEC encryption task force, providing new directions to regulatory authorities’ encryption regulations.

At the time, experts like Eleanor predicted that other crypto companies such as Ripple, Coinbase and Kraken would appeal seeking expansion.

SEC Leadership Squad: What You Should Know

Trump’s office hours Gary Genser Gary Genser Gary Gensler is the current chairman of the Securities and Exchange Commission. He has extensive experience in teaching angels across Wall Street, government regulations, and cryptocurrencies and blockchain at MIT. Gary S. Gensler was born on October 18, 1957 in Baltimore, Maryland. He also received a degree in economics. Gemsler served as assistant secretary of the financial markets at the U.S. Treasury from 1997 to 1999, then the domestic Treasury deputy secretary from 1999 to 2001, later including token commitments, decentralized finance, stablecoins, custody, exchanges Resources and progress phases. President Resigned as Chairman of the SEC. Gensler’s inappropriate exit paves the way for professional lawyers to enter Mark Uyeda serves as acting SEC chairman.

The SEC has established a cryptocurrency task force to clearly apply the federal securities laws to the crypto asset market.

The task force is currently operating under the leadership of the SEC specialist Hester Peirce Hester Peirce

Hester Peirce of the Securities and Exchange Commission, commonly known as the “crypto mom”, is one of the most outspoken cryptocurrency supporters at the U.S. government level. Prior to joining the Securities and Exchange Commission, she worked in various positions, assessing and developing financial regulations, and graduated from Yale Law School. She worked for the Mercatus Center, a liberal think tank at George Mason University, and recently produced criticisms of legislation such as the Dodd-Frank Act before becoming a commissioner. She is often called “crypto mom” and is a member of the Securities and Exchange Commission. She was born in Ohio and graduated from Yale Law School. Prior to joining the Securities and Exchange Commission, she engaged in various evaluating and formulating financial regulations. She worked at the Mercatus Center at George Mason University, a liberal-tilted think tank that recently produced such as the Dodd-Frank Act before becoming a commissioner ( Criticism from legislation such as Dodd-Frank Act. As Chairman Jay Clayton goes out and Joe Biden’s nominee replaces him, Republican Peirce will find himself in the minority. Clayton, on the other hand, is not particularly forward-looking when it comes to digital assets. President Biden announced his intention to choose Gary Gensler, a crypto expert who is probably more prepared to deal with Pierce than Clayton. The SEC approved the first public product of cryptocurrency businesses such as Coinbase, the first Bitcoin ETF licensed by the United States, and of course, ICO Safe Harbour is Peirce’s obvious target. We don’t know what Peirce thinks of the SEC’s pursuit of Ripple until the facts, under the SEC agreement, but the outcome of the case would almost certainly be a springboard for clarity. Peirce told guests at a cryptocurrency finance conference in January that the priorities of future SEC chairs should support innovation and give regulatory clarity: “We need to embrace innovation and figure out how to create a regulatory framework that encourages it. , This is in our field, in our field, I believe means providing clarity.” entrepreneurinvestorfinanceCrypto and blockchain experts .

Crypto Task Force is expected to provide new directions for SEC’s cryptocurrency regulation approach.