U.S. SEC Asks Court to Dismiss Lawsuit Against Binance

#SEC has filed documents with the court requesting to dismiss the lawsuit against

@binance

and its former CEO Changpeng Zhao

@cz_binance

. The U.S. SEC, Binance #Binance, and the attorneys for Binance founder #CZ have signed a joint dismissal agreement submitted to the federal court in Washington, D.C. They stated that based on policy considerations, they believe it is appropriate to dismiss this case.

The U.S. Securities and Exchange Commission (SEC) officially dismissed the civil lawsuit against Binance on May 29, 2025, and clearly stated that "the dismissal is final," meaning the SEC cannot file suit again on this case.

The SEC's dismissal means that the main legal obstacle Binance faced in the U.S. has been removed, helping to restore its reputation in the global market. Australia had also followed the U.S. in changing its stance and revoked the legal deposit and withdrawal license.

The new leadership at the SEC prefers to regulate the cryptocurrency industry by establishing clear rules rather than through litigation, which may provide a clearer path for Binance's compliant operations in the U.S. In other words, Binance has the opportunity to compete fairly with @coinbase for U.S. users.

With reduced legal uncertainties, Binance may accelerate its business expansion and product innovation in the U.S. Just think, what would happen if Binance Alpha's trillion-dollar subsidy strategy penetrated the U.S.? Is it possible for Coinbase to also experience the current plight faced by various CEXs?

Additionally, it has been observed that $UncleSam, a meme coin and a super IP that has been embedded in American culture for 200 years, is currently undergoing a wash trading, with the top ten holding addresses remaining unchanged and showing signs of accumulation. Interested circle friends can observe and choose an opportunity to enter.

#$UncleSam should also rise

#Binance