#BinanceTGEXNY Here’s the latest on Binance, TGEX, and New York crypto developments:
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🏦 Binance News
1. SEC Drops Lawsuit
The U.S. Securities and Exchange Commission voluntarily dismissed its civil lawsuit against Binance and founder Changpeng Zhao on May 29, 2025, with prejudice—meaning the case cannot be refiled. Binance CEO Richard Teng welcomed it as a “landmark moment,” signaling a shift in U.S. regulatory stance toward a more innovation-friendly climate .
2. Scam Alert: SMS Spoofing
Scammers have ramped up SMS spoofing attacks, sending fake Binance alerts that appear in the same thread as genuine messages. These often prompt users to call fake support lines, where victims are urged to move funds to scam-controlled wallets . Binance warns:
It never calls users via phone number.
Its texts are limited to OTPs (one-time passwords) only.
Always verify communications using the Anti‑Phishing Code in the Binance App .
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🗽 New York Crypto Scene
New York City is actively positioning itself as a global crypto hub. Mayor Eric Adams recently hosted a crypto summit and announced the creation of a Digital Asset Advisory Board to help guide local policy and attract crypto firms to the city .
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TGEX Context (if you meant "TGEXNY")
It seems "TGEXNY" may refer to Tokenized Global Exchange (TGEX) targeting New York. However, I couldn’t find any firm named TGEXNY in current news databases, suggesting it might be an early-stage project or internal code. If you have a specific name or link, feel free to share it—I’ll dig deeper.
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✅ Summary
Binance just emerged from a major legal win with the SEC; might signal smoother regulation ahead in the U.S.