US Securities and Exchange Commission and Binance Seek 60-Day Pause in Ongoing Legal Case.

The SEC and Binance have jointly requested a 60-day extension to pause their ongoing legal case, citing productive discussions tied to the SEC's Crypto Task Force. The parties seek time to allow the SEC to develop a regulatory framework for the crypto market, potentially impacting the SEC's claims against Binance. This motion builds upon a similar request made in February 2023. The case alleges Binance offered unregistered securities and operated illegally within US borders.