The SEC and Binance have sought a two-month pause in their ongoing legal dispute, which has lasted nearly two years, according to a recent court filing. The joint motion documented productive discussions between the two parties, particularly regarding the influence of the newly formed crypto task force on the SEC's claims. This request for an extension follows a previous pause granted by the court in February. The SEC has urged Binance to agree to this extension as it endeavors to gain approval for resolutions or modifications related to the litigation scope. Recent developments include the SEC's dismissal of several cryptocurrency-related lawsuits against other exchanges like Coinbase and Kraken. The ongoing legal battle originated in June 2023, with the SEC accusing Binance and its CEO Changpeng Zhao of multiple violations, including unregistered trading of cryptocurrencies and related services. Both parties plan to submit a status report at the conclusion of the requested extension period.

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