The SEC has dropped its lawsuit against Binance.
A victory for the crypto industry.
This is Good News !!
✅ On May 29, 2025, the #SEC officially dropped its lawsuit against Binance and its founder, Changpeng Zhao, also known as #CZ.
The SEC’s lawsuit against Binance began in June 2023. Binance was accused of facilitating crypto securities trading without proper registration, misusing customer funds, lacking internal controls, and allowing U.S. residents to trade on #Binance Global platform.
✅ In November 2023: Binance pled guilty to violating anti-money laundering laws. They paid a massive $4.3 billion fine, and CZ was sentenced to four months in prison.
It wasn’t until Trump took office in January 2025 that a major shift occurred in the direction of crypto regulation.
✅ In February 2025: The SEC began to soften its stance. They requested 60 days to reassess the case.
✅And in May 2025: The SEC officially dropped the lawsuit with prejudice—meaning the case cannot be reopened and is considered final.
👉 Behind this dismissal was a key figure: Paul Atkins, the new SEC chairman appointed by Trump, replacing Gary Gensler. Under his leadership, the SEC shifted from a “crackdown everywhere” approach to a clearer and more constructive stance toward digital assets.
✌️In my opinion, this move is a victory for innovation and marks a new chapter in the evolution of crypto regulation. Congrats to Binance—and congrats to all of us in the crypto industry and investors alike!
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