A significant ruling has emerged in the ongoing legal battle between Binance and the U.S. Securities and Exchange Commission (SEC). A district judge has issued pivotal orders related to the SEC’s request to modify its initial complaint, which will now allow the case timeline to stretch until 2026.
What Changes Were Granted by the Judge?
Judge Amy Berman Jackson has granted the SEC permission to revise its original complaint centered on the issue of “crypto asset securities.” This alteration is expected to shape the course of the case significantly.
Why is the Case Extended Until 2026?
Following a joint report submitted by both Binance and the SEC, the judge has decided to extend the discovery and deposition process until 2026. The parties must submit their initial statements by October 25, with responses to the amended complaint due by November 4.
Key points from the latest developments include:
- The SEC’s request to update its complaint has been approved.
- Binance has agreed to address all allegations put forth by the SEC.
- The timeline for the legal proceedings has been extended until 2026.
- Some claims regarding certain tokens will not be ruled upon.
The ongoing litigation between Binance and the SEC underscores the complexities surrounding cryptocurrency regulations. As the market watches closely, the results of this case could have lasting implications for the entire cryptocurrency landscape, with legal uncertainties anticipated to persist well into 2026.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/judge-approves-key-orders-in-binance-case