SEC has officially dismissed the lawsuit against Binance and founder CZ, ending accusations of securities violations and fund mismanagement.
This marks a significant reversal under the Trump administration's approach towards enforcement-heavy actions in the crypto industry, including Uniswap and Coinbase cases.
Binance settled criminal charges with the DOJ for US$4.3B, while CZ served four months in prison and stepped down as CEO.
The dismissal of the lawsuit is seen as a victory for the crypto industry, with Binance celebrating the decision and expressing gratitude towards Trump and the new SEC chair for pushing back against regulatory enforcement.