The plan to return the crypto enforcement at the US SEC was physical in court with a filing to resolve a complaint against the world’s largest crypto exchange.
According to a court filing, Securities and Exchange Commission, and its founder, Changpeng Jhao presented Joint speed For 60-day stagnation, demanding to settle the legal matter without further action.
The SEC filed a case against Benance and Jhao in 2023, alleging violation of federal securities laws. Another major crypto platform, the coinbase, faced similar allegations, as former SEC President Gary Gensler intensified his cracks on digital asset businesses.
Documents filed in the US court stated that the SEC’s Crypto Task Force, launched by the interim president Mark Uyda, may assist in the “possible solution of the case”.
The task force was announced on 21 January, a day after the inauguration of President Donald Trump. SEC employees were directed to re -assure the ongoing litigation against crypto platforms and separate cases that did not include fraud.
SEC top crypto prosecutor George Tenrero was also transferred from the legal division to the IT department of the agency as part of the internal reshuffle under Trump.
The news of the re -evaluation of Tenreiro and the change of SEC from aggressive crypto enforcement has given wind to optimism for clear rules under the new White House administration.
For years, industry leaders such as Binance and Coinbase have advocated SEC and policy makers for a clear regulatory structure. Trump’s return and the departure of the Gensor has indicated the wank of Washington to a more crypto-friendly trend.
During a press conference, the White House AI and Crypto Caesar David Sachs confirmed President Trump’s interest in implementing “general knowledge” policies to support the safety and blockchain adoption of investors.
