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SEC and Binance Agree to Suspend Case for 60 Days—Ripple, Coinbase May Follow

  • SEC and Binance have agreed to suspend the case for 60 days.
  • SEC has sued Binance for non-compliance with KYC rules and unauthorized issuance of tokens.
  • The joint motion to stay the case indicates a possible soft stance by the new SEC administration towards the crypto industry.
  • Ripple and Coinbase, along with other non-fraud cases, could also have a similar fate in the ongoing legal proceedings.

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