Friday evening, lawyers from the American Securities and Exchange and Binance committee submitted a joint situation report asking a federal judge to continue a break of 60 days in the case for 60 additional days.
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The story
We have heard of two other cases of Securities and Exchange Commission (SEC) this week. The first, Binance and the dry, were interrupted for the last time in February, although lawyers Friday evening asked for another extension to continue to discuss questions. In addition, Nova Labs has set allegations with the regulator.
Why it matters
While we continue to look at the dry develop its new points of view on digital asset problems, how it deals with its active dispute remains a key signal.
Decompose it
Friday, the lawyers of the SEC and Binance (as well as the founder of Binance, Changpeng Zhao, Binance.us and other parties) filed a joint request asking the federal judge supervising the case to extend a break at the origin of expired on Monday by 60 additional days.
Originally, the SEC said that it was asking for the break to see how the new working group of the agency could approach digital assets and the application of securities laws. The Friday’s depot echoes this argument, saying that the work of the working group “could have an impact” on its claims in the current dispute. The original break was to end on April 14.
The SEC also filed a request for a consent judgment after apparently concluded a settlement agreement with Nova Labs, the company behind the helium. According to the proposal, Nova Labs pays $ 200,000 but would not admit or refuse allegations.
The SEC continued Nova Labs for the first time in January 2025 – in particular, on January 17, 2025, three days before Donald Trump was sworn as 47th American president.
I imagine that there are more cases or resolved investigations than Coindesk has caught – if you have received a Wells opinion and it was resolved, please hit us, we are very curious. You can respond to this email or contact the telegram and the signal.
- Doj Axes Crypto unites while Trump’s regulatory withdrawal continues: The Department of Justice has dissolved its national team of application of the cryptocurrency and ordered prosecutors not to provide cases where it can be found by judging security or goods in the digital asset sector. More for this next week.
- Inside the favorite cryptography laundering tool for North Korea: Thorchain: Thorchain and portfolios built on the network have become more and more favored by North Korean pirates who seek to move stolen funds in other cryptographic projects. Network operators refused to block transactions related to appeal flight from February.
- The dry approves the trading of ETHERS options: The SEC has not yet approved new products negotiated on the stock market for tokens like Solana or Litecoin ETF, but it has trading ETF options at Green-Light ether this week.
- The new declaration of the SEC staff urges detailed disclosure of crypto tokens: The last press release of the SEC staff, which one day released before his second round table, focused on the details he observed in the disclosure of cryptographic companies launching registered safety products.
- Atkins confirmed by the American Senate to resume dry before managed by Gensler: Speaking of the dry, the Senate confirmed Trump’s candidate for President Paul Atkins, although he did not take an oath before 1:00 p.m. on Friday.
- The former developer of Ethereum, Virgil Griffith, leaves prison, seeks forgiveness: Virgil Griffith, a promoter of Ethereum who pleaded guilty of having violated the sanctions law and was sentenced to 56 months in prison, was released in a transitional house and is now looking for forgiveness, said one of his lawyers.
- President Trump signs the resolution erasering the Crypto Irs rule Timpling: US President Donald Trump signed the joint resolution of the Chamber and the Senate reversing the IRS broker rule under the Congress Revision, which means that IRS can never bring a similar rule again. It is the first object adopted by the congress, Congression, which Trump has signed since its entry into office, marking an important step for the cryptographic industry.
- 1 Inter-Chaînes cryptographic surveys involve more than 10 blockchains, elliptical discoveries: The blockchain analysis company, Elliptic, said that 20% of its surveys on the funds sent on several channels now involve at least 10 different networks.
- Ripple and dry file a joint request to take a call break: Ripple and the SEC submitted a joint request to suspend their current calls, following the announcement of last month that the parties concluded an agreement to fully resolve the case.
- Block accepts the $ 40 million regulations with New York on defective money laundering controls: Block and the office of the Prosecutor General of New York set allegations according to which Block did not have a fully functional anti-flow process for its application in cash.
- The judge reigns against most of the DCG request to reject the continuation of the NYAG securities fraud: A New York State judge threw two of the prosecutor general of New York against the digital currency group and its leaders, but mostly authorized the case to continue in a decision at the end of Friday.
Wednesday
- 2:00 p.m. UTC (10:00 am) The Chamber’s Financial Services Committee held an audience to discuss problems before a bill on the structure of the expected market carrying the crypto.
- 6:00 p.m. UTC (2:00 p.m. HE) The Chamber’s Agriculture Committee also held an audience on similar subjects.
THURSDAY
- 2:00 p.m. UTC (10:00 am) The senatorial banks committee held a confirmation audience on a candidates, including the vice-president of the Federal Reserve for the Supervision candidate Michelle Bowman. Although she received a few questions about the examination of the regulatory response to the collapse of the Silicon Valley Bank, there was nothing substantial around the crypto during the hearing.
- 2:30 pm UTC (10:30 am HE) The court supervising the case of the Ministry of Justice against Do Kwon held a state conference hearing, where its trial was reprogrammed until February 2026. Prosecutors said that the MEMO of the Doj earlier this week would have no impact on the case.
Friday
- 5:00 p.m. UTC (1:00 p.m. HE) The American Commission for Securities and Exchange held its second cryptographic round table, this time on the negotiation rules. The acting president of the SEC, Mark Uyeda, in the remarks recorded, suggested that the agency could examine an interim regulatory framework for companies until it has more permanent rules in place.
- (CNN) On Monday, the Pseudonyms X accounts (formerly Twitter) published on a “90 -day break in the prices” which has arranged markets, before the White House refuses the complaint, which could have been based on a misinterpretation of the response of the White House official, Kevin Hassett, to a question during a news interview.
- (CNN) On Wednesday, US President Donald Trump announced a 90 -day break in higher rate rates against most countries, leaving the 10% rate rate in place last week. China’s rate rates reached 125% (clarified later at 145%).
- (CNBC) The American stock market had a “historically wild week” with swings from top to bottom while traders react to the possible effects that new American rates could have on world trade.
- (Reuters) The manufacturer of plane parts Howmet Aerospace, based in Pittsburgh, warned customers that American prices could have certain shipments arrested.
- (Bloomberg) Website owners have said that the new response feature generated by Google fell for traffic to their websites, although Google denies it.
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