The US Securities and Exchange Commission (SEC) has ended its lawsuit against the cryptocurrency exchange Binance, marking the conclusion of one of its last remaining crypto enforcement actions.
Binance, the world's largest cryptocurrency exchange, had faced legal troubles with multiple US agencies under the previous Biden administration, including allegations of illegal activity and violating sanctions.
Despite previous legal challenges, the SEC and Binance jointly moved to dismiss the case in a Thursday filing in the US District Court for the District of Columbia, signaling the resolution of the legal dispute.
The shift in the SEC's approach to the crypto industry under the Trump administration, with the enforcement action against Binance being dropped, reflects a changing regulatory landscape for cryptocurrency firms in the US.