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Zameer Attar
Apr 12, 2025 05:25 UTC
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Binance Lawsuit Delayed as SEC Crypto Task Force Reviews Rules
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The SEC and Binance have agreed to a 60-day pause in their legal battle, indicating ongoing "productive discussions."
The SEC's new crypto task force is significantly influencing these discussions and potentially shaping future crypto regulations.
This pause suggests both parties are exploring settlement options and aiming for regulatory compliance, rather than immediate litigation.
Under President Trump’s new SEC leadership, the agency is taking a different approach to crypto regulation by reassessing past enforcement actions. In one of the biggest moves yet, the ongoing legal case between the SEC and Binance has been officially paused for another 60 days.
This signals a potential turning point for the entire crypto industry. With behind-the-scenes talks heating up and a new crypto task force now in play, this pause could shape how digital assets are regulated going forward.
Here’s what’s happening, and why it matters more than ever.
SEC vs Binance: What’s It All About?
Fox Business journalist Eleanor Terrett shared on X that the SEC and Binance have jointly asked for a 60-day extension. Both parties said the pause is in everyone’s best interest, with the next update expected once the extension ends in mid-June.
🚨NEW: The @SECGov and @binance have jointly asked the court to pause the case against the exchange for another 60 days. According to a recent filing, they’ve had “productive” talks, partly tied to the Crypto Task Force’s work, and say a continued pause is in everyone’s best… pic.twitter.com/0vH5MiE8wr
— Eleanor Terrett (@EleanorTerrett) April 11, 2025
The SEC filed a lawsuit against Binance in 2023. The agency accused the exchange and its then-CEO, Changpeng Zhao (CZ), of operating as an unregistered broker, exchange, and clearing agency. The lawsuit also included claims of commingling user funds and manipulating trading volumes on Binance US. Since then, the case has had several pauses to allow time for negotiations and discussions around regulations.
All Eyes on the Crypto Task Force
Earlier this year, the SEC asked for a 60-day pause to consider how its new crypto task force might influence the way digital assets are regulated under current securities laws. That pause was scheduled to end on April 14, 2025, but both sides have now asked the court to extend it through mid-June.
The task force is expected to play a key role in shaping future rules for the crypto industry. In the latest court filing, the SEC said discussions with Binance have focused on how the task force’s findings could impact the case and the broader approach to crypto regulation.
Innovation vs. Investor Protection
Acting SEC Chair Mark Uyeda has said the task force aims to find a balance between supporting blockchain innovation and protecting investors. He also mentioned that the SEC is open to introducing conditional exemptions to help the industry grow while ensuring compliance.
Also Read :
Binance’s CZ Denies Allegations of Informing on Justin Sun in DOJ Case
Binance Looks for a Path Forward
The extended pause gives Binance more time to explore settlement options and align with regulations. It also shows that both the SEC and Binance want to resolve the case efficiently, without rushing into a drawn-out court battle. Binance has stated that the continued pause benefits all parties involved.
While the case isn’t over, this latest extension points to bigger changes ahead. With the SEC taking a fresh approach and the crypto task force actively working on new guidelines, the next few months could bring important updates for the entire digital asset space.
With every pause, this case feels less like a fight – and more like a blueprint for crypto’s future in the U.S.
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