Binance.US Restores USD Transactions After SEC Lawsuit

Binance.US has restored U.S. dollar deposits and withdrawals for the first time since June 2023, following a period of regulatory pressure that led to the suspension of fiat services. This move allows customers to deposit and withdraw USD via bank transfer and trade crypto using USD pairs, reflecting a shift toward a more favorable regulatory climate for cryptocurrency in the U.S. The reinstatement comes amid a temporary pause in the U.S. Securities and Exchange Commission's lawsuit against Binance, which accused the exchange of violating securities laws. Binance has denied the allegations and previously described the SEC's approach as overly aggressive. The company aims to provide full USD services again after being forced to operate primarily as a crypto-only platform. As the regulatory landscape evolves, Binance hopes to expand its offerings for U.S. customers.