Binance and the SEC filed a joint motion to pause their legal battle for 60 days, following the formation of a new crypto task force. This is the first such pause requested since Mark Uyeda became the acting chair, marking a potential shift in crypto regulatory approaches.
The news positively impacted certain cryptocurrencies, with Binance Coin (BNB) rising roughly 4.62%, trading around 637.63 USD. This suggests a favorable sentiment in the market amid ongoing legal discussions and changing regulatory frameworks.
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