SEC drops Binance lawsuit in yet another gift to crypto

image via The Verge

May 30, 2025, 11:59 AM

• •The SEC dropped its lawsuit against Binance.
• •The dismissal follows a 60-day pause requested by both parties.
• •The SEC had accused Binance of operating an illegal exchange and defrauding investors.
• •This is the latest sign of the Trump administration's embrace of the cryptocurrency industry.

The SEC has dismissed its lawsuit against Binance, the world's largest crypto exchange, two years after it was launched. The case, dismissed with prejudice, accused Binance and its founder of operating an illegal exchange and defrauding investors. This dismissal marks another instance of the Trump administration's support for the cryptocurrency industry, following the disbanding of a DOJ unit dedicated to crypto fraud and the dropping of investigations into Coinbase and Robinhood. Binance views the dismissal as a landmark moment, and the move underscores the evolving regulatory landscape surrounding cryptocurrencies.

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