Binance and the SEC have jointly requested a temporary suspension of their legal dispute.
The decision is motivated by the establishment of the SEC’s new crypto task force, which might impact the resolution of the case.
The SEC vs Ripple lawsuit is stuck in the Court of Appeals, with investors hopeful that the new SEC leadership under President Trump might end the dispute.
XRP's potential to reach $8 amid the anticipation of positive developments in the legal dispute with the SEC.