SEC dismisses case against crypto exchange Binance
The Securities and Exchange Commission (SEC) is dropping its case against crypto exchange Binance, as the agency continues to pull back on enforcement against the digital asset industry under President Trump.
The SEC asked a judge Thursday to dismiss the case, which accused the company and its founder, Changpeng Zhao, of operating an unregistered exchange, artificially inflating its trading volume and misleading investors about its surveillance and controls.
“In the exercise of its discretion and as a policy matter, the Commission believes the dismissal of this Litigation is appropriate,” the agency wrote in a filing.
Binance has had a checkered history with U.S. regulators. Zhao spent four months in prison last year…
