In February 2025, the U.S. Securities and Exchange Commission (SEC) requested a 60-day stay in its lawsuit against the Binance platform. This request comes as the agency adopts a more friendly stance toward cryptocurrencies under new management. This joint request was filed in federal court in Washington, D.C., where the agency indicated that the formation of a new task force aimed at improving relations with the cryptocurrency industry could affect the resolution of this case.
Additionally, financial markets experienced notable volatility in February 2025 due to tariff policies announced by U.S. President Donald Trump. These policies led to a decline in U.S. stock indexes, with the Dow Jones Industrial Average experiencing its worst weekly performance since March 2023. The cryptocurrency market was also affected, with fluctuations in the price of Bitcoin around the $83,000 level.
In this context, Binance's CEO, Richard Tang, noted that these declines should be considered a tactical retreat rather than a permanent reversal. He emphasized that the ongoing interest from financial institutions in cryptocurrencies, such as strong inflows into exchange-traded funds (ETFs), demonstrates the potential for long-term recovery.
