SEC, Binance, & Zhao jointly file to dismiss the agency’s June 2023 lawsuit “with prejudice.”
Dismissal follows Binance/Zhao’s $4.3B DOJ settlement & reflects a new crypto policy stance.
SEC cites Crypto Task Force developments & “discretion” for ending the Binance/CZ case.
The U.S. Securities and Exchange Commission (SEC) has requested the dismissal of its high-profile lawsuit against global crypto exchange Binance and its co-founder Changpeng “CZ” Zhao, signaling a potentially significant turn in the agency’s crypto enforcement era.
In a joint motion filed on May 29 in a Washington, D.C., federal court, the SEC, alongside Binance and Zhao, formally asked for the case—initially launched in June 2023, to be terminated “with prejudice,” a legal stipulation that would prevent the same lawsuit from being refiled.
SEC AND BINANCE FILE JOINT STIPULATION TO DISMISS THE ENFORCEMENT CASE
ENDING THE AGENCY’S LITIGATION AGAINST THE EXCHANGE!!! pic.twitter.com/vbmq3eAMh7
— Kyle Chassé / DD
(@kyle_chasse) May 29, 2025
Background of the SEC’s Action
The SEC’s lawsuit originally accused Binance, its U.S. arm BAM Trading, and Zhao of multiple securities …
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