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SEC requests a pause in legal battle with Binance as the agency adapts a crypto-friendly stance

  • Binance and the U.S. Securities and Exchange Commission have requested a 60-day stay on the lawsuit against Binance, citing a new task force's potential impact on the case.
  • The SEC's lawsuit against Binance includes accusations of artificially inflating trading volumes and misleading investors, with the case largely allowed to proceed by a federal judge.
  • President Donald Trump appointed Paul Atkins as the new chair of the SEC, signaling a shift towards a more crypto-friendly regulatory approach.
  • SEC Commissioner Hester Peirce stated, 'It took us a long time to get into this mess, and it is going to take us some time to get out of it.
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Fast CompanyFast Company

SEC and Binance request 60-day pause in lawsuit as the agency shifts to be more crypto-friendly

The U.S. Securities and Exchange Commission is seeking to pause its high-profile lawsuit against the cryptocurrency exchange Binance as the regulator tries to present itself as more crypto-friendly under a new administration. Binance and the SEC filed a joint motion Monday asking for a 60-day stay in a lawsuit the regulator filed with significant fanfare two years ago under its previous chairman, Gary Gensler. Monday’s filing in the U.S. Distric…

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South China Morning PostSouth China Morning Post

Binance seeks pause in legal battle as Trump draws up crypto policy

The parties say the SEC’s new task force on cryptocurrency regulations may ‘impact and facilitate the potential resolution of this case’.

·Hong Kong
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Al JazeeraAl Jazeera

In change in crypto enforcement, SEC and Binance seek pause in lawsuit

Joint motion is first clear effort to retreat from US regulator’s prior crypto enforcement under Democratic leadership.

·Qatar
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Associated Press NewsAssociated Press News
+3 Reposted by 3 other sources

SEC requests a pause in legal battle with Binance as the agency adapts a crypto-friendly stance

The U.S. Securities and Exchange Commission is seeking to pause its high-profile lawsuit against the cryptocurrency exchange Binance as the regulator tries to present itself as more crypto-friendly. Binance and the SEC filed a joint motion Monday asking for a…

·United States
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The Globe & MailThe Globe & Mail

Binance, U.S. SEC request pause in legal battle as Trump’s crypto policy takes shape

In a court filing dated Monday, the parties said a newly launched task force may ‘impact and facilitate the potential resolution’ of the case

·Canada
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Coin DeskCoin Desk

Binance, SEC and CZ Move to Halt Case and Find an Early Resolution

The newly launched crypto task force could help " facilitate the potential resolution of this case," the court filing said.

·Manila, Philippines
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La Criptomoneda broke the news in on Tuesday, February 11, 2025.
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