SEC, Binance Request 60-Day Pause of Lawsuit Against Exchange

The US Securities and Exchange Commission filed a request to put its case against crypto exchange Binance on hold, citing pending development of a regulatory framework for digital assets under the Trump administration.

The main US securities regulator, Binance and the exchange’s co-founder Changpeng Zhao submitted a joint motion to the US District Court of Columbia on Monday, requesting a brief stay of 60 days. The move follows the establishment of a crypto taskforce by SEC acting Chairman Mark Uyeda last month.

“The work of this task force may impact and facilitate the potential resolution of this case,” the filing ...