The US Securities and Exchange Commission (SEC) and Binance have jointly filed a motion to pause their ongoing legal dispute for 60 days, marking a significant development in the regulatory landscape under Acting SEC Chairman Mark Uyeda.

The motion, submitted to the US District Court for the District of Columbia on February 10, outlines the parties' request to temporarily halt proceedings. The filing cites the formation of the SEC’s new Crypto Task Force as a factor that could influence the resolution of the case.‍

Regulatory Shift Under New SEC Leadership

Uyeda, who assumed the role of acting chairman in January 2025, has prioritized developing a regulatory framework for digital assets. The SEC’s Crypto Task Force is expected to play a crucial role in shaping policy and enforcement actions in the sector.

“The work of this task force may impact and facilitate the potential resolution of this case,” the SEC and Binance stated in their motion.

The pause could allow for further negotiations between the regulator and Binance while avoiding prolonged litigation. The legal battle, which began in June 2023, has been a focal point in the SEC’s crackdown on crypto exchanges operating in the U.S.

Legal experts believe this move could set a precedent for other high-profile crypto cases. Companies such as Ripple, Coinbase, and Kraken may consider filing similar joint motions to delay or resolve their disputes with the SEC.

The SEC and Binance plan to submit a joint status report at the end of the 60-day period to determine whether further delays are necessary. The motion emphasizes that the pause could save resources for both parties by potentially eliminating the need for further discovery and litigation.

If the court approves the request, the case will be put on hold until mid-April, providing time for the SEC's new task force to assess its approach to digital asset regulation.