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SEC and Binance Seek 60-Day Pause in Ongoing Lawsuit
- Binance and the SEC jointly requested a 60-day pause in ongoing settlement negotiations.
- The SEC's Crypto Task Force, formed in February 2025, aims to harmonize digital asset regulations.
- Binance settled a $4B DOJ lawsuit in 2023; CZ resigned amid mounting legal pressure.
- The pause extension would allow for more thorough deliberations and alignment of the settlement terms.
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