“The Sec Sued Binance in June 2023, But Moved to Pause The Case After Donald Trump Retok the Oval Office.”, – WRITE: www.coindesk.com
The Sec and Binance FILED A JOINT MOTION, NOTING THAT The CASE HAD ALRAYADY BEEN PAUSED WHILE The Sec’s New Crypto Task Force Worked to “Develop A Regulatory Framework for Crypto.
“In the Exercise of It Discretion and As A Policy Matter, The Commission Believes the Dismissal of This Litigation Is Appropriate,” The Joint Filing Said. “… The Commission’s Decision to Seek Dismissal of This Litigation Does Not Necessarily Reflect the Commission’s Position in Any Other Litigation or Proceeding.”
The SEC HAS NOT PUBLISHED A FRAMEWORK YET, TUOUGH LAWMAKERS IN THE US HOUSE OF REPRESENTATIVES INTRUDATED THEIR FORMAL BILL TO DEFINE HOW The SEC AND SISTER AGENCY, THE COMMODACHING Digital Assets Earlier on Thursday.
The Parties Want the Dismissed With Prejudice, Meaning The Sec Wuld not Be Able to Bring this Lawsuit Against Binance Again in the Future. The Filing Also Includes Provisions to Block Binance or Its Affilied entities and Executives from filing a Suit or Complint Against The Sec Tied to The Lawsuit Binance.us and binance Founder Changpeng Cz Zhao.
Judge Amy Bernman Jackson, Who’s Overseeing the Case, Previously Ruled that the Sec Had Brough Playsible Charges Against the Exchange and ALLOWED MOST THE LAWSUIT TO PROCEED LAST YEAR.
In a statement, an external spokesperson for binance.us said it “Pleased that the Sec Fully Disassed Its Charges Against Binance.us, Confirming What We Have Alway LAWS. ”
“Today’s News Is a Major Milestone for Our Company, As Putting This Matter to Rest Allows Us to Focus Entirely on Growing Our Business and Work on Restoring Our Relationship. “We Are Excited About of the Future of Binance.us and Crypto in the US and Look Forward to Continuing to Offer Access to Crypto in the Us, While Mainting Our Committee.
Thursday’s filing just Marks the Latest Withdrawal for the Sec, WHICH ALREADY MOVED TO DROP Over A Dozen Other Investigations and Lawsuits. Prior to 2025, The Sec Was Investigating Non-Fungible Token MarketPlaces and Suing Crypto Exchanges. Binance Was Just One Exchange the Sec Alleged Was Illgally Operation as An Unregistered Broker, Clearinghouse and Exchange. Other includd coinbase and kraken.
The Sec’s About-Turn Came After Donald Trump Retok Office As The US President, Appointing Commission Mark Uyeda As Acting Chair and Nominating Paul Atkins to Be Agency’s Fulle Chair. ATKINS WAS CONFIRMED AND SWORN INTO OFFICE LAST MONTH.
Earlier Thursday, SEC Commissioner Hester PEIRCE SAID DURING AT BITCOIN 2025 IN LAS VEGAS THAT SOME CRYPTO INVESTORS SHOULD NOT assets.
Update (May 29, 2025, 22:08 UTC): Adds Additional Detail.
Update (May 29, 22:45): Adds Binance.us Statement.
