The Securities and Exchange Commission (SEC) has officially withdrawn all charges against Binance, its founder Changpeng Zhao (CZ), and its U.S. subsidiary, Binance.US. This decision marks a significant step in changing regulatory policy towards cryptocurrencies in the United States.
End of a Major Legal Confrontation
On May 29, 2025, the SEC filed a motion to dismiss all claims against Binance. The civil action initiated in June 2023 accused the exchange of selling unregistered securities and mixing customer funds. This decision ends a major legal battle that preceded a $4.3 billion penalty.
SEC Changes Tone Under Trump
The SEC's decision comes amid a reconfigured political context, as Donald Trump has returned to power. The regulator appears to be adopting a more conciliatory approach towards the crypto industry, moving away from the 'regulation by enforcement' strategy. This shift may signal a willingness to create a more favorable American jurisdiction for blockchain innovation.
Binance's Reaction to SEC Decision
In response to this decision, Binance.US expressed satisfaction that the SEC has fully dropped its charges, confirming the legality of its operations in the U.S. This development marks a significant turning point, opening new opportunities for rebuilding industry trust.
The closure of the case against Binance reflects a significant change in the approach to cryptocurrency regulation in the U.S. and may indicate more favorable conditions for innovation in the sector.
