SEC drops a lawsuit against Binance
The US stock exchange supervision SEC has officially withdrawn its civil lawsuit against the world's largest crypto exchange Binance and its founder Changpeng Zhao.
The lawsuit, submitted in June 2023, accused Binance of artificially bloating, disademplified and offered unregistered securities. The lawsuit was withdrawn without reservations, which means that the SEC cannot pick up the case again. That goes out Bloomberg out.
Political change of course under Trump
The decision of the SEC is in the context of a comprehensive change of direction of the US crypto regulation since President Donald Trump took office. Under the new management of SEC chairman Paul Atkins, the authority is pursuing a more cooperative approach to the crypto industry. The SEC had previously had similar procedures against Coinbase set. Atkins emphasized that clear rules for digital assets should have priority over regulation through law enforcement.
The industry welcomed the decision as a milestone. A spokesman for Binance said: “We are grateful for the recognition that innovation cannot thrive under regulation through law enforcement.” The action of the lawsuit is seen as a signal that the United States under Trump has a more open attitude towards digital assets.
Past and outlook
Despite the current development, Binance's past does not remain unencumbered. In November 2023, the company guilty of violating US money laundry laws in a separate procedure and paid a penalty of $ 4.3 billion. Zhao stepped down as CEO and served one four -month prison sentence.
However, the latest decision by the SEC could pave the way for a more stable and innovation-friendly regulation of the crypto industry in the United States. Industry experts see this an opportunity for companies to operate under clearer framework conditions and to regain the trust of investors.
Possible consequences for the global crypto market
The withdrawal of the lawsuit against Binance could also have international effects. Many countries are based on the regulation of cryptocurrencies. A regulatory change of course in Washington could therefore ensure more openness to crypto service providers.
At the same time, Binance – despite past scandals – could regain institutional credibility, especially if the company expands its compliance measures as announced. Industry insiders consider it possible that the stock exchange will now be the focus of US investors and partner banks.
