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SEC Drops Lawsuit Against Binance in Landmark Decision

  • The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against crypto exchange Binance, marking the end of a high-profile enforcement action in the crypto space.
  • The SEC, Binance, and ex-CEO Changpeng Zhao filed a joint motion requesting the dismissal of the lawsuit with prejudice, indicating it cannot be reopened.
  • This decision follows the SEC's evolving approach to crypto regulation under new leadership, including dropping enforcement actions against other major companies like Coinbase, Ripple, and Kraken.
  • The SEC's change in stance is attributed to the pro-crypto stance of SEC Chairman Paul Atkins and a commitment to creating a regulatory framework for digital assets.

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