Binance and the US Securities and Exchange Commission (SEC) have jointly requested a federal judge to pause the regulator’s ongoing lawsuit against the crypto exchange, citing the potential impact of a newly formed task force focused on digital asset regulation.

The parties say the SEC’s new task force on cryptocurrency regulations may ‘impact and facilitate the potential resolution of this case’.

Binance and the US Securities and Exchange Commission (SEC) have filed a joint motion pausing their legal case for 60 days.

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 under a new administration.