U.S. SEC dismisses lawsuit against Binance crypto exchange
The U.S. Securities and Exchange Commission has formally dropped its lawsuit against Binance and co-founder Changpeng Zhao.
A joint motion to dismiss the case was filed in federal court in Washington, D.C., on May 29. In its initial complaint, filed in June 2023, the SEC claimed that Binance had diverted customer assets, inflated trading volumes, and granted U.S. investors access to its unregistered international platform.
In addition, it accused Binance of illegally listing tokens such as Solana (SOL) and Cardano (ADA), which the agency classified as securities. The complaint was amended in October 2024 to include additional details.
The agency’s latest filing confirms that the lawsuit is dismissed “with…
