Binance, U.S. SEC seek 60-day hold in case as new crypto task force emerges

Fox Business journalist Eleanor Terrett reported on X that crypto exchange Binance and the U.S. Securities and Exchange Commission (SEC) have requested a 60-day suspension of their legal case in court. This joint motion, a first under the interim leadership of SEC Commissioner Mark Uyeda, cites the influence of a newly formed SEC crypto task force on the case. The parties anticipate that the task force's activities could help resolve the issues at hand, planning to reevaluate the need for continuing the pause with a joint status report after the period ends.