Attorneys for the US Securities and Exchange Commission and Binance asked a federal judge Friday to continue a break in the regulator’s case against Crypto Exchange for another two months with reference to “productive discussions.”

SEC sued Binance in 2023 and claimed that the exchange – together with its US affiliated companies and managers such as former CEO Changpen Zhao – violated federal securities laws by acting as an unlicensed clearing agency, broker and exchange. SEC also claimed that comingling and that Binance.us’s trading volume was manipulated. In February, after US President Donald Trump re-entered the office and appointed Commissioner Mark Uyeda as acting agency chairman, the regulator asked for a 60-day break in the case to expire Monday. SEC pointed to a newly created crypto -tag force aiming to prepare clearer guidance on how the securities court can apply to digital assets as part of its explanation of the requested break.

In Friday’s filing, the lawyers involved said the discussions included “how the efforts of the Crypto Task Force can affect SEC’s claims” and requested an additional 60 -day break.

“In light of these continued discussions and the time required for the staff to seek permission from the Commission as necessary to approve any decision or changes in the extent of this trial, SEC requested that the defendants agreed to continue the current stay for another 60 days and the defendants agreed that continuing the stay is appropriate and interested in the legal economy,” the filing said. ”