Crypto Showdown On Hold: SEC, Binance Agree to 60-Day Pause in Lawsuit

A legal battle between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange giant Binance is temporarily on hold. The SEC and Binance filed a joint motion requesting a 60-day delay in their ongoing lawsuit, citing progress made in discussions following former Chair Gary Gensler’s resignation. The SEC has been actively engaged with Binance in discussions about regulatory guidance and resource allocation. 60-Day Pause Could Lead to Settlement