The US Securities and Exchange Commission (SEC) and Binance have submitted a joint request to suspend their legal proceedings for 60 days, marking the first step towards pausing major cryptocurrency litigation since Mark Uyeda assumed the role of acting SEC chair.
The motion, filed on February 10, seeks to halt the case against the exchange for 60 days, pointing to the establishment of the SEC’s Crypto Task Force.
''The work of this task force may impact and facilitate the potential resolution of this case,'' the SEC and Binance stated in the motion.
Some industry experts believe that other crypto companies like Ripple, Coinbase, and Kraken may also file similar joint motions with the SEC.
Crypto Platform Bitpanda Expands Services In UK With FCA Approval
Bitpanda, an Austrian cryptocurrency platform is expanding its presence in the United Kingdom after securing regulatory approval from the Financial Conduct Authority (FCA).
In an announcement shared with Cointelegraph on Feb. 12, the firm said, Bitpanda was approved to offer more than 500 crypto assets in the UK.
Bitpanda deputy CEO Lukas Enzersdorfer-Konrad told Cointelegraph, said, “We currently have well over 500 cryptocurrencies listed on Bitpanda, which will make it the broadest range available to UK investors.”
The approval also allows Bitpanda to provide UK investors with a variety of crypto services, including staking, savings plans and crypto indexes.
Franklin Templeton registers Solana Trust in Delaware
Franklin Templeton, an asset management firm, has established a trust in Delaware connected to a planned spot Solana exchange-traded fund (ETF), suggesting that it might soon aim to introduce the fund in the United States.
As per a filing of Delaware’s corporate regulator, “Franklin Solana Trust” was formed on Feb. 10 by the CSC Delaware Trust Company which has registered crypto trust products for other asset managers such as Bitwise.
Franklin will need to submit a Form 19b-4 and a Form S-1 to the Securities and Exchange Commission to enter the competition for a Solana SOL$195.37 ETF, joining the likes of Grayscale, Bitwise, VanEck, 21Shares, and Canary Capital.
Some asset managers who registered crypto trust products in Delaware submitted Form S-1 for their products to the SEC the following day.
If given approval, the Franklin Solana Trust aims to follow the price trends of the world's fifth-largest cryptocurrency, which, according to CoinGecko, has a market cap of $97 billion.
