Binance, US regulator seek pause in legal battle as Trump draws up crypto policy.

By Jerry  Published On February 12, 2025
Binance and the US Securities and Exchange Commission (SEC) asked a federal judge to stay the regulator’s lawsuit against the cryptocurrency exchange, according to a court filing, citing the potential impact of a newly launched task force.

The motion to request a stay for 60 days marks the first clear effort to retreat from the SEC’s previous crypto enforcement under Democratic leadership.

In a joint motion filed late Monday, the parties said the SEC’s task force, formed last month to work on crypto regulations, may “impact and facilitate the potential resolution of this case”.

Source: SCMP

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