The SEC said the work of a new crypto task force that's supposed to improve ties to the crypto industry 'may impact and facilitate the potential resolution of this case.'

The SEC has launched a Crypto Task Force to bring clarity to digital asset regulations, tackle crypto securities, stablecoins, and exchanges, and engage with industry leaders. Here's what it aims to do.

In enforcement cases against Binance and Cumberland DRW, the SEC has requested that courts delay proceedings based on its crypto task force’s work in developing a regulatory framework.

The U.S. Securities and Exchange Commission is seeking to pause its high-profile lawsuit against the cryptocurrency exchange Binance as the regulator tries to present itself as more crypto-friendly.

There has been a lot of debate the past few months about what the SEC would do with its ongoing crypto litigation and now we have the answer,” said Am Law 10 firm partner Ladan Stewart.

In a court filing dated Monday, the parties said the task force, formed last month to work on crypto regulations, may "impact and facilitate the potential resolution of this case". The stay could be an early sign of the SEC's pivot to a more crypto-friendly stance,

The US Securities and Exchange Commission filed a request to put its case against crypto exchange Binance on hold, citing pending development of a regulatory framework for digital assets under the Trump administration.