Binance, SEC request pause in a legal battle as Trump’s crypto policy takes shape

Binance’s legal battle took a new shape today. SEC’s hard take on the coin seems to shake up for the first time. Both entities filed a mutual motion to put a stall on their case for 2 months.  

Whether it would be a more extensive pause or not, only time can say. For now, it seems that the crypto control and management LTT of the Security and Exchange Commission is playing a critical role here.  

It is a parent that the SEC is changing its regulations. Once that is done, a new and fresh review must be held. After that, the clashes of Binance with SEC will be evaluated in a new light.  

Major moves after Mark Uyeda Arrives 

After Mark became the chairperson of the SEC, the governing agency was ready to give more air to the cryptocurrencies in the market. The fact that the SEC is ready to agree to these 2 months pause is a major indication of the same.  

On Monday, the joint motion was filed. The news first broke out from the regular updates published by the crypto task force of the SEC.  

The joint motion highlights that the new move by the SEC will compel the governing body to see this case in a new light. Besides, the “work of the task force might impact and maneuver the resolution of this case.”  

Industry observers and crypto market players have a notion that Kraken will also follow a similar suit with the SEC shortly. The same goes for Coinbase too. Once Coinbase follows the trail, it will be apparent that the SEC’s stance towards cryptos is surely changing.  

Case 1:23-cv-01599-ABJ-ZMF encountered a landmark event on 10th Feb 2025, a joint junction came in from both parties involved. Their main take was- that “the case could reach an early resolution, and for that, both parties must continue merits discovery.”  

Binance has also been receptive and soft in its approach. The finance representative expressed gratitude towards Uyeda for seeing this case in a new light.  

A Cointelegraph report, the other day, revealed that a mutual growth of warm sentiments will now put the case at rest for some days at least. The SEC, especially, is trying desperately to shift their legislative and regulatory approach towards blockchains in the US and worldwide.  

Digital assets will receive more free will, so far as transactions and operations are involved.  

Other experts in the crypto community feel that it’s the first move since Uyeda assumed the chair. Hence it will send a clear signal to the crypto market. Moreover, it will impact buyer sentiments and can play a grave role in uplifting crypto sales.  

A FOX editor said that he is hopeful that Ripple and Coinbase cases are dealt with the same way. Most market analysts feel that the market sentiments would surely favor this decision. Whether Binance gets some new investment after this or still carries on the same way, it would be interesting to watch!