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In a landmark decision signaling a shift in U.S. cryptocurrency regulation, the Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit against Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao. The lawsuit, filed in 2023, accused Binance of manipulating trading volumes and unlawfully facilitating the trading of unregistered crypto securities. The dismissal, filed with prejudice, prevents the SEC from reopening the case. This move aligns with the SEC's evolving approach to cryptocurrency regulation under President Donald Trump's administration, contrasting with the stricter stance taken under former President Joe Biden. The SEC emphasized that the decision was a discretionary policy matter, not indicative of its position on other crypto-related litigation. The dismissal follows the SEC's earlier withdrawal of a similar case against Coinbase and reflects Chairman Paul Atkins' push for a clearer regulatory framework. Atkins, a known crypto enthusiast, was nominated by President Trump to replace Gary Gensler as SEC chair. His appointment is part of a broader effort by the Trump administration to foster a more crypto-friendly environment. Despite this regulatory win for the crypto industry, Bitcoin prices fell by 2.3% on Friday to $105,935, pulling back from its recent record high of over $111,000. Other major cryptocurrencies also declined: Ether fell 3.4%, XRP 3.9%, and Solana 5.3% The SEC continues to act against fraudulent activity in crypto, evidenced by a recent lawsuit against Unicoin. This development marks a significant regulatory shift and is being hailed by the crypto industry as a victory for innovation. As the regulatory landscape continues to evolve, the crypto industry will be closely watching the SEC's next moves under Chairman Atkins' leadership. #SEC #Binance

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I had great interview with KhomiakovKyrylo KK 🔥 Always pleasure to share insights with such an educated and Binance passionate people. Interview will be published in about a week. Let's keep Building together binance 🔥🔥💪

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With Binance Fam at Balkans Crypto

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Rocking the stage at Balkans Crypto Albania

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