Catenaa, Saturday, February 15, 2025 – A US district judge has granted a request from Binance and the Securities and Exchange Commission (SEC) to pause their ongoing legal dispute for 60 days, citing the SEC’s new crypto task force.
The decision follows a Monday court filing in which Binance and the SEC jointly requested the pause.
Judge Amy Berman Jackson of the US District Court for the District of Columbia ordered the stay and requested a joint status report from both parties by April 14, according to an order issued Thursday.
The SEC recently launched a new task force under Acting Chair Mark Uyeda, who appointed Commissioner Hester Peirce to lead the initiative.
Peirce has outlined a regulatory approach that could classify some cryptocurrencies as “non-securities,” signaling a potential shift in oversight.
The SEC’s stance on crypto has changed significantly under different administrations. Former Chair Gary Gensler aggressively pursued enforcement actions, including lawsuits against Binance and Coinbase, alleging unregistered operations.
In 2023, Binance and former CEO Changpeng Zhao pled guilty to Bank Secrecy Act violations and agreed to pay over $4 billion in penalties.
The SEC is also engaged in an ongoing lawsuit against Coinbase, which filed an appeal last April. The agency is expected to respond to Coinbase’s appeal on Friday.
