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ARTICLE · 28 MARCH 2025

CryptoLink - February 2025 Updates

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February 2025 brought significant developments in cryptocurrency regulation.

United StatesTechnology
Peter I. Altman
Peter I. Altman
Ryan Fayhee
Ryan Fayhee
Adam Hilkemann
Adam Hilkemann
Mitchell P. Hurley
Mitchell P. Hurley
Wael Jabsheh
Wael Jabsheh
Lance Jasper
Lance Jasper
Brad M. Kahn
Brad M. Kahn
Elizabeth M. Scott
Elizabeth M. Scott
Jacqueline Yecies
Jacqueline Yecies
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Key Regulatory and Policy Updates

February 2025 brought significant developments in cryptocurrency regulation. First, the Securities and Exchange Commission (SEC) and Binance agreed to a temporary stay of the ongoing civil litigation against Binance with the aim of reaching a resolution. The parties jointly agreed to the stay due, in part, to the formation of the SEC's new cryptocurrency task force (Crypto Task Force) led by Commissioner Hester Peirce. Similarly, in late February, Coinbase announced that, following productive discussions between Coinbase and members of the Crypto Task Force, the SEC "agreed in principle" to dismiss its enforcement case against Coinbase, pending Commission approval. If the SEC's Binance and Coinbase lawsuits reach final resolutions, it is feasible that the other large cryptocurrency players engaged in litigation with the SEC will seek to follow suit

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