On February 11, the SEC and Binance jointly requested a 60-day pause in the SEC's lawsuit against Binance and its co-founder and former CEO, Changpeng Zhao (CZ), as reported by DL News. The SEC indicated in the motion that the creation of its new crypto task force might influence the case’s direction, potentially leading to a resolution. The task force is led by Commissioner Hester Peirce, who has previously criticized the "regulation by enforcement" approach taken under former chairman Gary Gensler's leadership.
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