The SEC has dropped the lawsuit against Binance, ending the legal battle over 2023 allegations.
The lawsuit accused Binance of inflating trading volumes, mishandling customer funds, and misleading investors about compliance and surveillance.
SEC's complaint alleged that Binance failed to block U.S. users, offered trading of unregistered securities.
The dismissal signifies a significant development in SEC's relationship with the crypto industry and raises questions about future enforcement strategies.