The SEC said the work of a new crypto task force that's supposed to improve ties to the crypto industry 'may impact and facilitate the potential resolution of this case.'

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". The stay could be an early sign of the SEC's pivot to a more crypto-friendly stance,

The U.S. Securities and Exchange Commission is seeking to pause its high-profile lawsuit against the cryptocurrency exchange Binance as the regulator tries to present itself as more crypto-friendly under a new administration.

An Alabama man has pled guilty to hacking the U.S. Securities and Exchange Commission’s (SEC) X account last year and faces up to five years in prison.

An Alabama man on Monday pleaded guilty to hacking into the Securities and Exchange Committee's social media account and posting a false message in January 2024.

Interestingly, this move comes amid the emergence of a new competitor. Last month, TXSE Group filed for registration of the Texas Stock Exchange with the SEC, raising $161 million and aiming to launch trading by early 2026.