SEC Withdraws Lawsuit Against Binance and Zhao Changpeng

Last year, it seemed they wanted to crush Binance, but now they suddenly say they won't sue based on policy considerations.

What does policy consideration mean?

It means they no longer want to confront it head-on, and they may have realized that a one-size-fits-all approach simply doesn’t work.

You see, besides Binance, the SEC has also gradually withdrawn cases against major projects like Coinbase and Uniswap, which basically indicates they have changed their strategy.

They even specifically established a crypto task force to start listening to industry voices, which is very revealing.

Personally, I feel: this isn't a win for Binance, nor is it a win for CZ; it's the entire industry that has endured the toughest moments.

Those who said crypto was finished and that regulation would wipe out the industry can now be quiet.

Of course, this doesn’t mean that there will be no oversight in the future.

The SEC has also made it clear: they will still take action against what needs to be addressed, and they will still regulate what needs regulating. It has simply shifted from a blanket crackdown to focused enforcement, which is a huge distinction.

The winds have changed, the game table is still there, and the real game of the crypto industry is just beginning.