Binance.US roars back as the SEC drops its lawsuit, reigniting U.S. crypto access with restored USD services, soaring user activity, and a regulatory tide turning in crypto’s favor.

SEC Defeat Marks Binance.US Victory in War Against Regulatory Overreach

Crypto exchange Binance.US confirmed on May 29 that the U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit in full, bringing a long legal battle to a definitive close. The company described the outcome as a sweeping vindication of its operations, stating the dismissal reinforces its belief that it never violated U.S. securities laws. Leadership at Binance.US sharply criticized the SEC’s previous approach, arguing that the case reflected a pattern of enforcement without clarity, which ultimately harmed both innovation and consumers in the U.S. crypto market.

Shortly after the legal update, the company shared a message on social media platform X to underscore its operational comeback:

USD services are live. Effective immediately, ALL customers can now deposit USD and buy crypto using bank transfer (ACH). Case closed: Binance.US is officially back!

The announcement marked the completion of a phased reintroduction of banking features for U.S. users, a major milestone that allows seamless deposits and crypto purchases via ACH transfers without fees. Binance.US noted that customer activity surged almost immediately following the return of USD services, a sign that trust and engagement are quickly being restored.

The crypto exchange credited the U.S. courts for pushing back against what it called regulatory overreach, while praising new SEC Chairman Paul Atkins for his shift toward balanced oversight. The platform now supports more than 170 cryptocurrencies, with staking rewards offered across 20+ assets. Binance.US also emphasized its role in shaping policy through regulatory engagement and compliance initiatives.

The SEC’s decision comes amid wider regulatory changes, including Gary Gensler’s departure from the agency. Several lawsuits against crypto firms have been dropped, which supporters interpret as an overdue course correction. Binance.US, a legally distinct entity from the global Binance platform, was launched in 2019 to comply with U.S. rules. The lawsuit originally filed by the SEC in June 2023 also targeted Binance and its founder, Changpeng Zhao (CZ), who later stepped down and pleaded guilty to separate charges brought by the U.S. Department of Justice. With those chapters closed, Binance and Binance.US now return to growth amid a changing regulatory climate.

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