The ongoing legal showdown between Binance and the U.S. Securities and Exchange Commission (SEC) has been temporarily paused, following a joint request from both sides to delay proceedings for another 60 days.
The update, first reported by crypto journalist Eleanor Terrett, suggests that behind-the-scenes negotiations have been more constructive than expected.
According to the recent court filing, the SEC and Binance have engaged in “productive” discussions, with part of the dialogue reportedly involving the SEC’s Crypto Task Force. The parties argue that extending the pause would benefit everyone involved, allowing more time to explore possible resolutions or clarifications.
This legal case dates back to June 2023, when the SEC launched a high-profile lawsuit accusing Binance and its founder, Changpeng Zhao, of inflating trading volumes, mismanaging customer assets, and failing to provide transparent oversight.
While the case remains unresolved, political dynamics surrounding U.S. crypto policy are shifting rapidly. Republican Commissioner Hester Peirce—long seen as a pro-crypto voice—now plays a central role in the SEC’s digital asset enforcement efforts.
Meanwhile, former President Donald Trump has signaled strong support for the crypto industry, recently nominating Paul Atkins, a known crypto advocate, to replace Gary Gensler as SEC Chair. Gensler, known for his hardline stance, was removed from the post earlier this year.
With regulatory leadership evolving and court proceedings on hold, the next two months could prove pivotal for both Binance and the future of U.S. crypto policy.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/sec-and-binance-hit-pause-on-legal-battle-as-talks-progress/