The U.S. Securities and Exchange Commission (SEC) voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, in a major win for the crypto industry.
The dismissal, filed 'with prejudice,' reflects a shift in regulatory enforcement strategy towards clearer rules over enforcement actions, under the Trump administration's new SEC leadership.
Binance hailed the dismissal as a 'landmark moment,' crediting SEC Chairman Paul Atkins and emphasizing the importance of innovation thriving without regulatory overreach.
The trend of dropping crypto-related cases, including the recent dismissal of a case against Coinbase, indicates a growing reluctance within the SEC to pursue uncertain or outdated interpretations of securities law.