Ripple Lawsuit Breakthrough: SEC-Binance Pause Spurs Hope?

• The SEC and Binance have jointly filed a 60-day stay in their ongoing lawsuit.
• The motion points to the SEC’s new crypto task force as a potential factor in resolving the case.
• XRP holders speculate whether the Ripple case could see a similar pause.

The U.S. Securities and Exchange Commission (SEC) and Binance recently filed a joint motion to put their lawsuit on hold for 60 days. Filed with the U.S. District Court for the District of Columbia, the motion cites the SEC’s new crypto task force as a crucial element in settling the dispute.

SEC, Binance File 60-Day Motion to Delay Lawsuit

The motion, filed on February 10, 2025, states that the task force’s efforts may sway regulatory choices on crypto assets. In response, the SEC sought the pause, and Binance concurred, highlighting judicial efficiency and the prospect of a swift resolution.

“The work of this task force may impact and facilitate the potential resolution of this case,” the filing states. Following the 60-day period, Binance and the SEC plan to submit a joint status report outlining whether an extension is needed or if the case should proceed.

Related: Binance Files Motion to Dismiss SEC’s Amended Complaint

SEC Leadership and Crypto Rules Update

Notably, the SEC’s new acting chairman, Mark Uyeda, launched the crypto task force on January 21, 2025. The initiative aims to develop a regulatory framework for digital assets, which could affect multiple ongoing crypto-related lawsuits.

In her commentary, Fox Business journalist Eleanor Terrett noted that cases involving Ripple, Coinbase, and Kraken may follow Binance’s approach.

XRP Holders Weigh In on Lawsuit Delay

The latest development with the Binance lawsuit has sparked speculation among XRP holders, many of whom believe the Ripple case could follow a similar path. XRP advocate XRPCryptowolf suggested that the SEC may soon withdraw its appeal, believing a resolution is near.

Meanwhile, X user NashX dismissed the idea of a stay, arguing that regulators should drop the case entirely instead of prolonging the legal battle. He eagerly predicted that the case could be resolved as early as March 10.

Related: Ripple Secures Big Legal Win, But Questions Remain on the Victory

Concerns have also been raised about the length of the Ripple lawsuit, now stretching beyond three years. An XRP community member questioned whether undisclosed factors are influencing the process, suggesting that delays might be a strategic move by the SEC.