Based

Request

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/judge-approves-key-decisions-in-binance-and-sec-case/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Judge Approves Key Decisions in Binance and SEC Case</a> 
In the ongoing lawsuit between <a href="https://en.coin-turk.com/nigeria-denies-imposing-10-billion-fine-on-binance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and the U.S. Securities and Exchange Commission (SEC), a district judge has signed significant orders regarding the joint report and the SEC’s request to amend its complaint. This case, which has garnered considerable attention in the <a href="https://en.coin-turk.com/investors-show-growing-interest-in-cryptocurrency-investments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a>, will now extend its timeline until 2026.
<h2 id="judge-approves-sec-s-request">Judge Approves SEC’s Request</h2>
According to the latest ruling, Judge Amy Berman Jackson has approved the SEC’s request to alter its original complaint concerning the use of “crypto asset securities” in the case.
Binance, BinanceUS, and Changpeng Zhao have agreed to review the factual findings on all allegations presented by the SEC. This includes discussions on Binance’s initial public offering of BNB tokens, claims related to BNB Vault, and the presentation of BAM Trading’s staking program as investment contracts.
<h2 id="case-extended-until-2026">Case Extended Until 2026</h2>
Based on the joint report submitted by Binance and the SEC, Judge Jackson has extended the process of discovery and depositions until 2026. The parties involved will submit their initial statements by October 25 and responses related to the amended complaint by November 4.
<blockquote style="text-align: justify">
 “The parties can now focus on factual findings related to all allegations within the complaint.” – Judge Jackson.
</blockquote>
The court has decided to dismiss certain claims. For example, it will not rule on whether tokens like SOL, <a href="https://en.coin-turk.com/cardano-investors-continue-to-accumulate-ada-despite-the-decrease-in-token-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a>, and MATIC qualify as securities.
This protracted legal battle between Binance and the SEC is expected to increase uncertainty in the cryptocurrency market, with ongoing legal disputes anticipated to persist until 2026. Similarly, due to the SEC’s appeal request, the Ripple case is also unlikely to be resolved before 2026, suggesting that legal pressures on cryptocurrency markets may continue for the next 12 months. Even with a potential change in SEC leadership, legal processes will continue, limiting any relief for cryptocurrencies.
The lawsuit between Binance and the SEC serves as a crucial example for the regulation of crypto assets. Ultimately, the outcomes of this case could have a significant impact on the future of the cryptocurrency market. Market players and stakeholders will closely monitor the progress of the litigation.
The post <a href="https://en.coin-turk.com/judge-approves-key-decisions-in-binance-and-sec-case/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Judge Approves Key Decisions in Binance and SEC Case</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Judge Approves Key Decisions in Binance and SEC Case

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