Attorneys representing the U.S. Securities and Exchange Commission (SEC) along with Binance have approached a federal judge to extend the current pause in the regulatory case against the crypto exchange for an additional two months, citing rich discussions made during the ongoing litigation.
The SEC originally charged Binance in 2023, claiming that the exchange, its U.S. affiliate, and executives such as former CEO Changpeng Zhao breached federal securities laws by operating as an unauthorized broker and clearing agency. They also alleged manipulation in the trading volume of Binance.US.
Following the reelection of former U.S. President Donald Trump, who appointed acting agency chair Mark Uyeda, the SEC requested a 60-day stay in proceedings which was set to end soon. This pause was partly justified as the SEC indicated the establishment of a newly formed crypto task force aimed at clarifying securities law as it pertains to digital assets.
In a recent court filing, the attorneys confirmed that discussions included the potential influence of the crypto task force’s work on SEC claims, reiterating their request for another 60 days of pause.

“In light of these ongoing discussions and the necessary time for staff to acquire authorization from the Commission to approve any resolution or amendments concerning this litigation’s scope, the SEC wishes for the Defendants to agree to prolong the current stay for another 60 days, an extension that the Defendants concur is suitable for judicial efficiency,” the filing noted.