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SEC Files to Dismiss Unregistered Securities Case Against CZ, Binance

  • 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.

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