US court puts on hold SEC's case against crypto exchange Binance

US court puts on hold SEC's case against crypto exchange Binance

FILE PHOTO: Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

A federal judge in Washington, DC, on Thursday put the US Securities and Exchange Commission’s civil lawsuit against Binance on hold for 60 days, granting a joint request by the regulator and the world’s largest cryptocurrency exchange.

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