SEC and Binance Request 60-Day Delay in Lawsuit as Settlement Talks Progress

The Securities and Exchange Commission (SEC) and Binance have jointly requested a 60-day delay in their ongoing lawsuit. This pause follows productive discussions that have led to the parties seeking a resolution without further legal proceedings. The SEC’s request mirrors its previous strategy in the Ripple case, aiming to expedite settlement through focused negotiations. Discussions on how the SEC’s newly formed Crypto Task Force might impact the case highlight the growing influence of clear regulatory guidelines for digital assets. 60-day pauses have also been requested in prior cases, including the recent one against Ripple Labs. This renewed strategy reflects a willingness from the SEC to resolve high-profile crypto lawsuits under new Chair Paul Atkins’ leadership, who supports pro-crypto regulation.