Binance and SEC Hit Pause: Lawsuit Halted for 60 Days

Crypto News Regulation

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 11, 2025

Key Takeaways

Binance and the SEC requested a 60-day pause in their lawsuit, citing potential regulatory changes that could impact the case;
If approved, the delay would impact key filings and could lead other crypto firms, like Coinbase and Ripple, to seek similar legal pauses;
The pause hints at a possible shift in crypto regulation under Acting SEC Chair Mark Uyeda, giving both sides time to reassess their cases.

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Binance and SEC Hit Pause: Lawsuit Halted for 60 Days

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The US Securities and Exchange Commission (SEC) and the crypto exchange Binance $6.81B have agreed to postpone their legal dispute for 60 days, citing possible regulatory changes that could impact the case.

Their request, filed on February 10, is tied to the SEC’s new crypto task force, which may influence how the agency handles digital asset-related cases moving forward.

The lawsuit involves allegations that Binance violated securities laws. Both parties argue that pausing the case will help them reassess their positions as new regulatory policies take shape.

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If the court grants the request, it would delay several important filings, including Binance’s motion to dismiss the SEC’s updated complaint. The motion states that the pause would “promote the efficient use of the court’s resources”.

There is speculation that other crypto firms, including Coinbase $1.77B and Ripple XRP $2.17 , could follow Binance’s lead by seeking similar pauses in their legal battles.

This development comes as the SEC’s stance on crypto faces scrutiny. Some see the joint motion as a sign of a possible shift in regulatory strategy under Acting SEC Chair Mark Uyeda. If granted, the pause would give both sides time to evaluate potential policy changes before proceeding with legal action.

After the 60-day period, Binance and the SEC plan to submit a status update to decide whether additional delays are necessary.

Meanwhile, Binance co-founder Yi He explained key factors influencing how the exchange selects tokens, following the recent rise and fall of the Test (TST) token. What did she highlight? Read the full story.