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🇺🇸 SEC Drops Lawsuit Against Binance
In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has dismissed its 2023 lawsuit against Binance and its founder, Changpeng Zhao (CZ). The case, which accused Binance of operating an unregistered exchange and defrauding investors, was dropped with prejudice, preventing future prosecution on the same charges. This move reflects the Trump administration’s supportive stance toward cryptocurrencies, aiming to foster an innovation-friendly regulatory environment.
🏛️ Trump $TRUMP Media Plans $3B Crypto Investment
Trump Media & Technology Group (TMTG), controlled by the Trump family, plans to raise up to $3 billion to invest in cryptocurrencies like Bitcoin. The company aims to secure $2 billion through fresh equity and an additional $1 billion via a convertible bond. This initiative aligns with President Trump's broader pledge to transform the U.S. into the global capital for cryptocurrency.
🇵🇰 Binance Founder Joins Pakistan Crypto Council
Changpeng Zhao, founder of Binance, has been appointed as a Strategic Adviser to the Pakistan Crypto Council (PCC). This move is seen as a significant step toward integrating blockchain technology into Pakistan's financial infrastructure. CZ met with key government stakeholders, including the Prime Minister and officials from the State Bank of Pakistan, to discuss the country's crypto future.
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🧠 Binance Square Enhancements
👤 Introduction of 'Trader Profiles'
Binance Square has launched 'Trader Profiles,' a feature enabling experienced traders to share market insights and earn credibility badges. This initiative aims to foster a more interactive and knowledgeable trading community.