The U.S. Securities and Exchange Commission (SEC) has teamed up with cryptocurrency exchange Binance to request a federal judge for an additional 60-day delay in their lengthy legal confrontation, which has spanned nearly two years.
This motion was submitted on April 11 to the U.S. District Court for the District of Columbia and underscores ongoing discussions that may lead to modifications in the case’s scope or its overall resolution.
According to the filing, “Since the Court stayed this case, the Parties have been in productive discussions, including discussions concerning how the efforts of the crypto task force may impact the SEC’s claims.”
SEC Requests Extended Time for Binance Case Resolution
The SEC is seeking this extension to facilitate further internal discussions aimed at a possible resolution, a request that Binance has endorsed, emphasizing the importance of judicial efficiency.
This request represents the second instance this year where both parties have sought a two-month extension together.
The first extension was granted in February, just after SEC Chair Gary Gensler, known for his stringent approach to cryptocurrency regulation, stepped down.
Following Gensler’s departure, Commissioner Mark Uyeda, who is perceived as more amicable towards the cryptocurrency sector, assumed the role of acting chair.
Under Uyeda’s leadership, the SEC established a Crypto Task Force to enhance regulatory clarity and improve the allocation of enforcement resources.
The SEC’s legal actions against Binance commenced in June 2023 and encompass 13 charges, which allege the unregistered sale of BNB and BUSD tokens, the facilitation of investment products such as Simple Earn and BNB Vault, as well as its staking program.
Both Binance and its former CEO, Changpeng “CZ” Zhao, have denied these allegations.
This recent filing comes amid a notable shift in the SEC’s regulatory posture, as several high-profile enforcement actions against firms like Coinbase, Kraken, Gemini, Robinhood, and ConsenSys have been withdrawn under the new leadership.
CZ Tied to DOJ Case Involving Justin Sun: New WSJ Report
In response to the report, Zhao took to X, stating, “WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn’t. People who become government witnesses don’t go to prison.”
WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn't. People who become gov witnesses don't go to prison. They are protected.
I heard someone paid WSJ employees to smear me.
https://t.co/xqpnBwvlmi
— CZ 
BNB (@cz_binance) April 12, 2025
Zhao was sentenced in April 2024 to four months in prison for violations related to anti-money laundering regulations but was released in September. He maintains his status as the wealthiest individual to serve a U.S. prison sentence, with a net worth of $60 billion at the time of his release.
In a related legal matter, a Nigerian court postponed a significant tax evasion case against Binance to April 30, after the company challenged the legality of the service of court documents. Binance’s legal representative, Chukwuka Ikwuazom, contended that the Federal Inland Revenue Service (FIRS) did not receive court approval to serve documents outside Nigerian jurisdiction.
He further argued that the order permitting substituted service from February 11 was invalid. It is worth noting that Binance is registered in the Cayman Islands and lacks a physical presence in Nigeria.
The post SEC and Binance Seek Another Two-Month Pause in Ongoing Legal Battle appeared first on Cryptonews.
