PANews reported on February 14 that according to The Block, U.S. District Court Judge Amy Berman Jackson of the District Court for the District of Columbia has approved the suspension of Binance’s legal dispute with the U.S. Securities and Exchange Commission (SEC). The case will be postponed for 60 days and both parties must submit a joint status report by April 14.

Binance and the SEC filed an application on Monday, requesting a stay of the case, citing the SEC's newly formed cryptocurrency working group as it develops a clearer regulatory framework. The working group is led by Commissioner Hester Peirce, who was appointed by the SEC's new acting chairman Mark Uyeda, and she recently proposed cryptocurrency regulatory priorities, including classifying some tokens as non-securities.