The U.S. Court of Appeals criticized the SEC’s approach to crypto regulations, emphasizing due process concerns and transparency issues. Judge Bibas noted that while the SEC frequently sues crypto companies, it fails to provide adequate compliance guidance.
The SEC and Binance have agreed to a 60-day pause in legal proceedings to allow a newly formed Crypto Task Force to review the situation. This may pave the way for clearer compliance protocols in the future of the cryptocurrency market.
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