US SEC drops lawsuit against Binance for policy and discretion reasons.

From Yahoo Finance: 2025-05-29 17:15:00

The U.S. SEC dropped its civil lawsuit against Binance, citing policy and discretion. The dismissal is permanent. Binance called it a “landmark moment” and thanked the Trump administration for recognizing innovation. The SEC accused Binance of inflating volumes, misleading investors, and facilitating unregistered tokens. This case was separate from Binance’s $4.32 billion penalty for money laundering violations.

Binance founder Changpeng Zhao served a four-month sentence for money laundering violations. The SEC dismissed a case against Coinbase involving unregistered tokens in February. The crypto industry resists securities classification, preferring to be treated as commodities. SEC Chairman Atkins prioritizes developing clear rules for crypto assets to deter lawbreakers. The SEC sued Unicoin for fraudulently raising over $100 million for tokens allegedly backed by unrealized assets.



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