<ul><li>Binance and the US Securities and Exchange Commission (SEC) have jointly filed a motion to pause the latter’s lawsuit against the crypto exchange for 60 days.</li><li>The motion references the SEC’s newly established crypto task force as a potential influence on the case and states that “the work of this task force may impact and facilitate the potential resolution of this case.”</li><li>After the 60-day period, both parties intend to submit a joint status report to assess whether an extension of the stay is warranted.</li><li>This move could set a precedent for other non-fraud cases involving cryptocurrency firms, such as Ripple, Coinbase, and Kraken, to seek similar pauses in legal proceedings.</li></ul>

Binance and SEC Agree to 60-Day Pause in Legal Proceedings

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