SEC drops Binance lawsuit in yet another gift to crypto
Two years after legal proceedings began, the SEC has formally dropped its lawsuit against Binance, the world’s largest crypto exchange. It was one of the US government’s final ongoing actions against crypto companies.
Lawyers for the SEC and Binance jointly moved to dismiss the case in a filing on Thursday. It follows a 60-day pause requested by both parties in February. The case has been dismissed with prejudice, meaning the SEC can’t pursue it again. “We’re deeply grateful to [SEC] Chairman Paul Atkins and the Trump administration for recognizing that innovation can’t thrive under regulation by enforcement,” Binance told Reuters in a statement, calling the dismissal “a landmark moment.”
The SEC sued Binance in 2023,…
