In a surprising decision with deep implications for a shift in the stance of U.S. regulatory bodies, the U.S. Securities and Exchange Commission (SEC) officially announced the dismissal of the lawsuit it had filed against the Binance platform, its former CEO Changpeng Zhao (CZ), and its U.S. branch Binance.US, after two years of ongoing legal scrutiny. To get advertising service for crypto projects.
The end of a long battle with one of the largest crypto platforms.
The case dates back to June 2023 when the SEC filed a complaint against Binance, accusing it of violating U.S. securities laws. However, the trajectory of the case began to reverse in February 2025, when a temporary freeze on legal proceedings was announced pending the results of potential negotiations and settlements.
Yesterday, the decision was officially announced through a joint request between the SEC and Binance's defense team, stating the dismissal of all charges. The commission clarified in its statement: "Based on the above, and in the exercise of the commission's discretion, and from a public policy perspective, the committee believes it is appropriate to conclude these proceedings."
Binance.US resumes its activities in dollars.
Following this announcement, Binance.US rushed to resume its dollar services, indicating that all users can now make deposits and purchase cryptocurrencies via bank transfers instantly.
The platform issued a statement saying: "The SEC has officially dropped all charges against Binance.US today. This decision confirms what we have always known: we did not violate U.S. securities laws. This is a significant development in our company's journey."
Has a new, more reconciliatory phase with crypto begun in America?
It is worth noting that this decision comes as part of a series of legal reversals by the SEC since Mark Uyeda took over as the interim chair of the commission last January, after a phase described as "confrontational" during Gary Gensler's tenure, who adopted a tough approach towards the digital currency sector.
Alongside Binance, legal files against other platforms such as Coinbase, Ripple, Gemini, and even Uniswap were also closed or mitigated.
After a wave of mass exodus of platforms from the U.S. market in recent years, this decision may serve as a signal for rebalancing, and could open the door for a strong return of crypto platforms to the United States, under more moderate and understanding regulatory policies regarding the nature of this sector.