The SEC and Binance have filed a joint motion in federal court in Washington to permanently dismiss the U.S. Securities and Exchange Commission's lawsuit, which was filed in June 2023.

The filing notes that the work of the Crypto Task Force and a change in regulatory policy allow the SEC to dismiss the case at its discretion without the possibility of reopening it.

This is not the first step the agency has taken to accommodate the industry. Amid the leadership change, the SEC has dropped prosecutions against a number of other crypto companies, including Coinbase, Kraken, and Circle.$BTC $BNB $XRP