YEREVAN (CoinChapter.com) — The U.S. Securities and Exchange Commission (SEC) and crypto exchange Binance asked a federal judge for a 60-day extension in their lawsuit. The joint request was submitted on April 11 to the U.S. District Court for the District of Columbia.
The case began in June 2023 when the SEC sued Binance, Binance.US, and CEO Changpeng “CZ” Zhao. The SEC charged the exchange with 13 violations, including unregistered offers of BNB and Binance USD, and issues linked to Simple Earn, BNB Vault, and the staking program.
In the April filing, the SEC and Binance said they had “productive discussions.” These talks focused on how the newly created SEC Crypto Task Force may affect the claims. The request marks the second 60-day pause of 2025, following an earlier extension granted on Feb. 11.
SEC Crypto Task Force Drives New Case Direction
The SEC Crypto Task Force launched on Jan. 21, just one day after Gary Gensler stepped down as SEC Chair. Mark Uyeda, now acting Chair, took over on Jan. 20. The Crypto Task Force is now shaping the SEC’s approach to digital assets.
The April 11 court document noted that the SEC is still reviewing how the task force may shift its legal strategy. The filing stated the agency is seeking approval for “any resolution or changes to the scope of this litigation.”
According to the report, Binance agreed that another stay was in the interest of “judicial economy.” No hearing date was requested. Instead, both parties will file another status update after the 60-day period ends.
The SEC recently dropped several cases against other crypto firms. These include Coinbase, Kraken, Gemini, Robinhood, and Consensys. All of the dismissals happened after Gensler’s resignation.
The timing aligns with broader changes in the SEC’s regulatory methods. The Crypto Task Force now aims to clarify registration rules, draw regulatory lines, and focus on disclosure. The Binance case could fall under these new processes.
CourtListener published the April 11 status report. Binance has not released an official statement on the latest development. The SEC has also not commented publicly beyond the filing.
Second Pause Requested Since February Filing
The first request for a 60-day stay came in February, just weeks after Gensler stepped down. Both sides used the time to review the new regulatory landscape. They cited the Crypto Task Force’s goals as one reason for the pause.
Now, the SEC and Binance are again asking for more time. The April 11 request does not include settlement terms or changes in the 13 charges. The case remains open.
The next joint status report is due at the end of the 60-day pause.
