Ripple Lawsuit Breakthrough: SEC-Binance Pause Spurs Hope?

  • The SEC and Binance have jointly filed a 60-day stay in their ongoing lawsuit.

  • The motion points to the SEC’s new crypto task force as a potential factor in resolving the case.

  • XRP holders speculate whether the Ripple case could see a similar pause.

The U.S. Securities and Exchange Commission (SEC) and Binance recently filed a joint motion to put their lawsuit on hold for 60 days. Filed with the U.S. District Court for the District of Columbia, the motion cites the SEC’s new crypto task force as a crucial element in settling the dispute.

SEC, Binance File 60-Day Motion to Delay Lawsuit

The motion, filed on February 10, 2025, states that the task force’s efforts may sway regulatory choices on crypto assets. In response, the SEC sought the pause, and Binance concurred, highlighting judicial efficiency and the prospect of a swift resolution.

“The work of this task force may impact and facilitate the potential resolution of this case,” the filing states. Following the 60-day period, Binance and the SEC plan to submit a joint status report outlining whether an extension is needed or if the case should proceed.

Related: Binance Files Motion to Di…

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