From Yahoo Finance: 2025-05-29 18:37:00

The SEC and Binance have agreed to dismiss a lawsuit, ending a two-year battle over alleged securities violations. Former SEC Chair Gensler accused Binance of mishandling funds and offering unregistered securities. The SEC previously targeted other crypto firms. The industry spent over $130 million on pro-crypto political campaigns.

The crypto industry’s influence campaign led to pro-crypto policies under the 47th president. The SEC and Binance paused legal battles in February, looking for resolution. The regulator dropped lawsuits against Coinbase and others. Trump family’s crypto business facilitated a $2 billion investment into Binance.

Read more: Binance scores big win after SEC agrees to drop lawsuit against exchange