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Binance and the US Securities and Exchange Commission have jointly requested a 60-day pause on 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, with a federal judge largely allowing the case to proceed. President Donald Trump appointed Paul Atkins as the new SEC chair, indicating a move towards a more crypto-friendly regulatory stance. SEC Commissioner Hester Peirce remarked, "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."