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The SEC is calling for a truce in its case against Binance.
The regulator asked the court for a 60-day stay in a joint motion filed last night.
The reason: The SEC's new crypto task force headed by Commissioner Hester Peirce, which was launched by acting chair Mark Uyeda a day after former chair Gary Gensler stepped down.
"The work of this task force may impact and facilitate the potential resolution of this case," the motion said.
Catch up quick: The SEC charged Binance and its founder Changpeng Zhao in 2023 with a number of securities violations.
Brady's thought bubble: The No. 1 thing I'm curious about with the new Trump-era SEC: whether it drops or settles some of its cases against the biggest companies in the industry (most notably, Coinbase and Binance).
