SEC Seeks Extension in Binance Lawsuit, Citing Productive Talks

The SEC and crypto exchange Binance have requested a further two-month delay in their legal battle, citing productive discussions that could impact the regulator’s claims. The request for a 60-day extension follows a previous pause granted by the judge, and comes on the heels of the SEC dropping other crypto lawsuits against exchanges like Coinbase and Kraken. The SEC seeks Binance’s agreement to the additional time while it seeks approval for any resolution or modifications in the litigation scope. This is part of ongoing efforts to clarify regulatory lines in the cryptocurrency sector.