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CryptoLink - February 2025 Updates

March 26, 2025

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By: Peter I. Altman, Ryan P. Fayhee, Adam Hilkemann, Mitchell P. Hurley, Wael Jabsheh, Lance Jasper, Brad M. Kahn, Elizabeth Marie Dulong Scott, Jacqueline Yecies, Nicholas R. Lombardi, Jessica Jones Mannon, Kate L. Powers, Andrew R. Schlossberg, Kaitlyn A. Tongalson, Samuel J. Olswanger, Sahar Abas, Michael Stanley, Patrick Gaul

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. 

In this Issue

  • Key Regulatory and Policy Updates
  • Key Developments
  • Key Enforcement Actions
  • Akin Thought Leadership
  • Events

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