US regulator dismisses suit against Binance in latest crypto-friendly move by Trump

SEC sued Binance in 2023 over alleged trading irregularities and misleading investors about surveillance controls

The US on Thursday voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange. The move extends the new, friendly approach to cryptocurrencies of the Securities and Exchange Commission (SEC), a major financial regulator, since Donald Trump re-entered the White House.

A joint stipulation of dismissal signed by lawyers for the SEC, Binance and its founder, Changpeng Zhao, was filed in the Washington DC federal court. Its dismissal is with prejudice, meaning the SEC cannot pursue the case again. The SEC said that dismissing the enforcement case was appropriate in the exercise of its discretion and as a policy matter".