SEC and Binance legal dispute on hold for 60 days. Joint status report to follow. Impact of digital asset task force under SEC review.
The U.S. Securities and Exchange Commission (SEC) and Binance exchange have jointly requested a 60-day suspension of their ongoing legal case. This decision follows the establishment of a special digital asset task force by the SEC under the supervision of Mark Uyeda. Both parties believe the task force’s work could have a significant impact on resolving the case. SEC proposed the temporary halt, and Binance agreed citing judicial efficiency. At the end of the suspension period, both sides will provide a joint status report. This is an interesting development in a case that started in 2023, where SEC accused Binance of violating U.S. securities laws.
