In a rare agreement, Binance and the SEC have jointly filed a motion to pause their legal battle for 60 days, anticipating a shift in regulatory dynamics with the SEC's new crypto task force. This motion, filed on February 10, aims to temporarily halt litigation involving serious allegations of securities violations against Binance. The parties noted that this pause could facilitate a resolution of the case, given the expected impact of the new task force overseen by SEC Commissioner Hester Peirce. If approved, this pause could also influence other exchanges facing legal challenges with the SEC. In June 2023, the SEC accused Binance of multiple securities law violations. Despite ongoing regulatory pressures, the establishment of the SEC's task force, launched on February 4, offers optimism for clearer regulations in the crypto space. However, Binance continues to face investigations globally, including recently intensified probes in France.

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