The U.S. Securities and Exchange Commission and Binance filed a joint motion on May 29, 2025, to dismiss the SEC's 2023 lawsuit alleging securities law violations, following a months-long pause during which the agency’s newly formed crypto task force evaluated digital asset regulation.

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Judge Amy Berman Jackson placed the case on a 60-day pause in February after both sides told the court that a new SEC crypto task force led by Commissioner Hester Peirce might ‘impact and facilitate’ the litigation’s resolution.
The SEC and Binance filed a joint motion, noting that the case had already been paused while the SEC's new crypto task force worked to ‘develop a regulatory framework for crypto assets.’