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Image Credit: Bitcoinsensus

SEC Ends 2-Year Legal Battle With Binance & Changpeng Zhao

  • The SEC has dropped its 2-year lawsuit against Binance and founder Changpeng Zhao after accusing the exchange of illegal activities and mishandling user funds.
  • The dismissal is 'With Prejudice', preventing the SEC from refiling the lawsuit or seeking reimbursement for legal fees from Binance and CZ.
  • Binance's prior $4.3 billion settlement with the DOJ resulted in CZ stepping down as CEO, pleading guilty to AML violations, and retaining a significant crypto fortune.
  • This decision aligns with a trend of regulatory easing in 2025, as seen in closed investigations on major exchanges and a shift towards a more crypto-friendly leadership in regulatory bodies.

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