🚨 SEC Drops Lawsuit Against Binance: A New Era for Crypto?

In a surprise twist, the U.S. Securities and Exchange Commission (SEC) has officially dropped its long-running lawsuit against Binance—the world's largest crypto exchange. The case, filed in June 2023, accused Binance, Binance.US, and founder Changpeng Zhao (CZ) of operating as an unregistered broker, exchange, and clearinghouse.

But on May 29, 2025, the SEC and Binance filed a joint motion to dismiss the case "with prejudice", meaning it’s closed for good.

🌐 Why Now?

The SEC’s decision comes shortly after Donald Trump’s$TRUMP return to the White House and a leadership shake-up at the agency. New SEC Chair Paul Atkins has taken a more crypto-friendly approach, and a new regulatory framework for digital assets is reportedly in the works.

🗣️ Binance's Reaction

Binance.US expressed relief, saying:

> “This confirms what we’ve always known — we didn’t violate U.S. securities laws. Now, we’re focused on growing our business and rebuilding relationships.”

🚀 What's Next?

This major development comes as Binance.US listed USD1, a stablecoin tied to Trump-linked World Liberty Financial. The SEC’s withdrawal from the case marks a significant shift in the U.S. crypto regulatory landscape.

Stay tuned for more as the crypto industry enters a new era under Trump’s $TRUMP administration