SEC drops lawsuit against Binance: Clear the way for a new crypto era!

SEC drops lawsuit against Binance: Clear the way for a new crypto era!

On May 30, 2025, the US Securities and Exchange Commission (SEC) dismissed its civil lawsuit against Binance, the largest cryptocurrency exchange in the world. That decision was made Thursday in federal court in Washington, D.C. announced and is viewed as part of a new approach by the SEC under the leadership of President Donald Trump. A Binance spokesperson called the rejection “a groundbreaking moment” for the company and the entire crypto industry.

The lawsuit was filed in June 2023, and Binance and its founder Changpeng Zhao were accused of illegally serving US users, manipulating trading volumes and commingling customer funds. The SEC also made allegations that Binance improperly facilitated trading of several cryptocurrency tokens that were required to be registered as securities.

End of a controversial legal dispute

The joint dismissal agreement between the SEC and Binance, filed in federal court, provides that the lawsuit will be dismissed with prejudice. This means the SEC cannot prosecute the case again. This also marks the end of one of the most aggressive crypto enforcement actions in US history, after Binance already reached a settlement worth over $4.3 billion with the US government last year.

In the context of the SEC decision, SEC Chairman Paul Atkins emphasized that developing a clear regulatory framework for crypto assets is a priority. This objective is underscored by recent structural changes within the regulatory authorities, including the dissolution of the Department of Justice's crypto enforcement team.

Partnerships and investments

Binance's role in the global crypto landscape is being strengthened by new impetus. The company received an investment of $2 billion from the Emirati sovereign wealth fund MGX, which was made entirely in USD1, a newly launched stablecoin. It also partnered with World Liberty Financial (WLF), which funnels 75% of profits to entities affiliated with the Trump family.

Additionally, Binance is expanding its operations in Pakistan, where it has struck a deal with the government. Changpeng Zhao has also been appointed as an advisor to the newly formed Crypto Council in Pakistan, which is responsible for shaping national digital asset policy.

In conclusion, the dismissal of the SEC lawsuit against Binance not only affects the company itself, but also has far-reaching implications for the entire crypto industry, especially in light of the changing regulatory landscape in the United States. The SEC will now no longer attempt to enforce the same claims again, marking a turning point in the relationship between the regulator and the crypto industry.

For more information: Reuters and NBC New York.