The U.S. Securities and Exchange Commission (SEC) and Binance, the world’s largest cryptocurrency exchange, have jointly asked a federal judge to extend the pause in their ongoing legal battle, citing “productive discussions” between both parties.
In a joint filing submitted on Friday, attorneys for the SEC and Binance requested that the case remain on hold as negotiations continue. The SEC stated the extension is needed:
“…In light of these continued discussions and the time required for the staff to seek authorization from the [SEC] as necessary to approve any resolution or changes to the scope of this litigation.”
Binance’s legal team agreed with the proposal, saying that maintaining the pause is “appropriate and in the interest of judicial economy.”
Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia had originally granted a stay in February after a similar joint motion. If the new request is approved, the next joint status update would be due in mid-June.
Background and Case Status
The case has seen mixed developments. Last year, Judge Jackson partially dismissed some of the SEC’s claims against Binance, but the majority of the charges remain intact. These include allegations of unregistered securities offerings and violations related to Binance’s U.S. operations.
What remains uncertain is how ongoing changes in the SEC’s leadership could influence the case’s direction—particularly as current enforcement strategies are under scrutiny and evolving under new crypto-focused leadership.
What’s Next?
While no final resolution has been reached, the continued pause suggests both sides are moving closer to a possible settlement or narrowed legal scope. Industry watchers remain on alert for further updates in what could become one of the most consequential regulatory cases in crypto history.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/sec-and-binance-request-extended-pause-in-lawsuit-amid-ongoing-settlement-talks/