- Binance has secured a major legal victory as the SEC officially dismissed its lawsuit against the exchange and former CEO Changpeng Zhao.
- With the case closed, Binance.US plans to refocus on growth, rebuilding trust, and expanding crypto access in the U.S.
SEC Formally Drops Case Against Binance
In a dramatic turn of events that could mark a shift in U.S. crypto regulation, the U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against BNB, the world’s largest cryptocurrency exchange. The dismissal follows a joint stipulation filed by both parties and comes after a Washington, D.C. federal judge put the case on hold earlier this year.
A High-Stakes Battle Comes to a Quiet End
The lawsuit, originally filed in June 2023, accused Binance and its former CEO Changpeng Zhao (CZ) of violating securities laws. It quickly became one of the most closely watched legal battles in the crypto industry, highlighting the tension between regulators and major exchanges.
Binance.US Celebrates a New Chapter
In a statement on X (formerly Twitter), Binance.US celebrated the news and looked to the future:
“This is a major milestone for our company. With this case behind us, we’re turning our full attention to growth—expanding crypto access, winning back trust, and restoring relationships that were impacted by the SEC.”
Market Reaction Remains Muted
Despite the legal victory, Binance native token BNB (BNB) saw only a minor bump—rising just 0.4% in the hour following the announcement. Experts suggest the market had already priced in the dismissal, which likely explains the lackluster response.
A Broader Trend in Regulatory Shift
Earlier this year, the SEC also dropped its lawsuits against other major exchanges including Kraken and Coinbase. With the agency seemingly stepping back from its aggressive stance under prior leadership, the crypto industry may be entering a new era of regulatory clarity.
What’s Next for Binance and the Crypto Industry?
With this major hurdle now behind it, Binance.US aims to rebuild its brand, expand access, and restore trust within the U.S. market. The SEC’s softened posture may also encourage further innovation and institutional participation in the American crypto landscape.
