Binance Legal Pause Extended: Negotiations for Resolution Loom

The legal battle between Binance and the SEC has entered a new phase, with both parties requesting a 60-day pause in their nearly two-year long lawsuit. This pause marks the second time this year they’ve opted for dialogue over courtroom confrontation. Binance and the SEC claim to have made ‘productive’ progress during these talks, potentially paving the way for a negotiated settlement or at least narrowing the legal fight. 2023 saw a shift in the SEC’s approach, fueled by its new acting chair Mark Uyeda and the launch of a Crypto Task Force to review regulations.