{"id":1463,"date":"2025-05-30T05:29:53","date_gmt":"2025-05-30T05:29:53","guid":{"rendered":"https:\/\/bitunikey.com\/news\/u-s-sec-dismisses-lawsuit-against-binance-crypto-exchange\/"},"modified":"2025-05-30T05:29:55","modified_gmt":"2025-05-30T05:29:55","slug":"u-s-sec-dismisses-lawsuit-against-binance-crypto-exchange","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/u-s-sec-dismisses-lawsuit-against-binance-crypto-exchange\/","title":{"rendered":"U.S. SEC dismisses lawsuit against Binance crypto exchange"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The U.S. Securities and Exchange Commission has formally dropped its lawsuit against Binance and co-founder Changpeng Zhao.<\/p>\n<p>A joint motion to dismiss the case was <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.courtlistener.com\/docket\/67474542\/301\/securities-and-exchange-commission-v-binance-holdings-limited\/\" target=\"_blank\">filed<\/a> 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\u00a0granted U.S. investors access to its unregistered international platform.<\/p>\n<p>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.<\/p>\n<p>The agency\u2019s latest filing confirms that the lawsuit is dismissed \u201cwith prejudice,\u201d meaning the SEC cannot refile the same claims. The filing explicitly states that this decision is based on \u201cdiscretion and as a policy matter,\u201d and does not set a precedent for how the SEC may treat future enforcement cases in the crypto sector.<\/p>\n<p>The case had been paused twice in 2025, once in February and again in April, following the launch of a new crypto task force under acting SEC Chairman Mark T. Uyeda. The parties indicated that the task force\u2019s work might inform or facilitate a resolution. With this week\u2019s filing, the SEC has signaled its intent to shift from enforcement-led actions to policy development.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Binance responded on X, calling the dismissal a \u201chuge win for crypto,\u201d and credited President Trump and current SEC Chair Paul Atkins for steering the agency away from what it described as \u201cregulation by enforcement.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Huge win for crypto today. The SEC\u2019s case against us is dismissed. <br \/>Thank you to Chairman Atkins &amp; the Trump team for pushing back against regulation by enforcement. U.S. innovation is back on track \u2013 and it\u2019s just the beginning.<\/p>\n<p>\u2014 Binance (@binance) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance\/status\/1928202875773034556?ref_src=twsrc%5Etfw\" target=\"_blank\">May 29, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The SEC\u2019s decision comes more than a year after Binance settled criminal charges with the U.S. Department of Justice in November 2023, agreeing to pay $4.3 billion and admitting to money laundering and sanctions violations. As part of that agreement, Zhao was sentenced to four months in prison and resigned as chief executive officer.<\/p>\n<p>The SEC has also halted enforcement actions against other major crypto companies in recent months, including those against Coinbase, Consensys, and Kraken. This shows a change in policy under the Trump administration, which has strategically placed pro-crypto appointees in key positions of influence.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1463"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1463\/revisions"}],"predecessor-version":[{"id":1465,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1463\/revisions\/1465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1464"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}