The reason for Team #pi rejecting the listing of the currency on platform #Binance until the lawsuit against it is resolved.. The U.S. Securities and Exchange Commission drops the lawsuit against the cryptocurrency platform Binance. The U.S. Securities and Exchange Commission (SEC) officially dropped its lawsuit against the Binance platform and its founder Zhao, thus concluding one of the last remaining legal cases filed by the agency against entities in the cryptocurrency sector.

In a filing submitted on Thursday, May 29, to the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance submitted a joint request to dismiss the case, which was initially filed in June 2023.

The lawsuit accused the cryptocurrency platform of illegally providing its services to users in the United States, inflating trading volumes, and mixing customer funds.