SEC Dismisses Binance Suit With Prejudice

The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Binance and founder Changpeng Zhao with prejudice, meaning the case cannot be refiled. The suit, originally filed in June 2023, accused Binance of securities law violations but was dropped in light of a broader regulatory shift under the Trump administration. Prior to this dismissal, Binance and Zhao settled related cases with other federal agencies, paying over $4.3 billion in fines, and Zhao served a four-month prison sentence. The SEC emphasized the dismissal was a discretionary policy decision and not a precedent for other crypto cases. Binance hailed the move as validation that the SEC's claims were baseless and politically motivated. The decision is widely viewed as part of the administration's pro-crypto regulatory approach and commitment to innovation.