FILE PHOTO: U.S. Securities and Exchange Commission logo and representations of cryptocurrency are seen in this illustration taken June 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo
(Reuters) - Binance and the U.S. Securities and Exchange Commission have jointly asked a court for a 60-day stay on the regulator's lawsuit against the crypto exchange, citing the potential impact of a newly launched task force.
In a court filing dated Monday, the parties said the task force, formed last month to work on crypto regulations, may "impact and facilitate the potential resolution of this case".
