Binance and the U.S. Securities and Exchange Commission have requested a 60-day suspension of the lawsuit against Binance, citing the potential impact of a new task force. The SEC's lawsuit accuses Binance of artificially inflating trading volumes and misleading investors. A federal judge has mostly allowed the case to proceed. The appointment of Paul Atkins as the new SEC chair by President Donald Trump signifies a shift towards a more crypto-friendly regulatory stance. SEC Commissioner Hester Peirce acknowledged the challenges, stating, "It took us a long time to get into this mess, and it is going to take us some time to get out of it."