The US Securities and Exchange Commission moved to overthrow the long-standing lawsuit against the crypto exchange Binance on Thursday, without explaining a court filing.
SEC and Binance filed a joint motion, noting that the case It’s already While the SEC’s new crypto task force has worked to “develop a regulation framework for crypto assets.”
“In making its decision and as a policy policy, the commission believes that the dismissal of this trial is appropriate,” The joint said that filing. “… The commission’s decision to seek dismissal of this trial does not necessarily reflect the commission’s position in any other litigation or continuation.”
The SEC has not yet published a plot, even if lawmakers in the US House of Representative introduced their formal bill To determine how the SEC and the sister’s agency, the Commodity Futures Trading Commission, is every guardian of digital assets earlier on Thursday.
The parties want the case to be removed with prejudice, meaning that the SEC cannot bring this lawsuit against Binance again in the future. File also includes provisions to block Binance or affiliate creatures and executives from submitting a suit or complaint against the SEC tied to the lawsuit, carried in June 2023 Against Binance, Binance.us and Binance founder Changpeng CZ Zhao.
Judge Amy Berman Jackson, who oversees the case, previously ruled out That the SEC brought about what could happen against the exchange and allowed most of the lawsuit to continue last year.
In a statement, an external speaker for Binance.US said that “they enjoy that the SEC has completely removed its charges against Binance.US, confirming what we always know – that the company has not violated US security laws.”
“The news today is a major milestone for our company, as putting this thing to rest allows us to focus completely on the growth of our business and work on restoring our SEC -affected relationships,” the statement. “We are excited about the future of Binance.US and Crypto in the US and expect to continue to offer access to crypto in the US, while maintaining our commitment to compliance and our customers.”
Thursday filing only marked the latest withdrawal for the SEC, which has moved on I -Drop to a dozen other investigations and suits. Prior to 2025, the SEC was investigating non-adapted token markets and adapted to crypto exchanges. Binance is just a SEC exchange that is allegedly illegally operating as an unregistered broker, clearinghouse and exchange. Others include Coinbase and Kraken.
About the turn of the SEC arrived after Donald Trump’s office as US president, Assignment of Commissioner Mark Uyeda As the acting chairman and Paul Atkins was appointed to be the entire agency’s seat. The Atkins confirmed and swore to the office last month.
Last week, Binance revealed It will list the USD1, a stablecoin issued by World Liberty Financial, a crypto company tied to Trump, some of Trump’s children and some of his affiliates.
Earlier Thursday, SEC Commissioner Hester Peirce said During a look in Bitcoin 2025 in Las Vegas That some crypto investors should not expect a bailout or government protection if they invest in the speculative digital assets.
Update (May 29, 2025, 22:08 UTC): Adds further detail.
Update (May 29, 22:45): Adds Binance.us statement.
Update (May 29, 23:05): Adds USD1 note.
