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SEC Drops Lawsuit Against Binance, Ends Legal Battle Over 2023 Allegations

  • 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.

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