Nearly two years after an SEC lawsuit disrupted its operations, Binance.US has resumed USD services, aligning with changing crypto policies under Donald Trump's leadership.
Resumption of USD Operations
Binance.US officially announced the resumption of USD operations. Users can now make zero-fee deposits and withdrawals through ACH bank transfers. The initial rollout includes 10 USD trading pairs, such as BTC/USD and ETH/USD, with future expansion plans.
Impact of SEC Policy Change
The return of Donald Trump to the presidency has sparked a shift in SEC policies, according to the crypto community, leading to a more favorable environment for crypto companies compared to Biden's administration.
Impact of SEC Lawsuit on Binance.US
In June 2023, the SEC filed a lawsuit against Binance and its founder Changpeng Zhao for securities law violations. This led to banking partner issues for Binance.US, forcing it to become a crypto-only platform and significantly reducing its market share.
The resumption of USD operations at Binance.US marks a significant step forward for the company after prolonged legal challenges with the SEC. Changes in US crypto policies under Donald Trump are creating a more favorable environment for crypto businesses.
