<ul><li>The US Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit against Binance, the world’s largest cryptocurrency exchange on May 29.</li><li>The dismissal follows a joint stipulation signed by legal representatives for the SEC, Binance, and the exchange’s founder, Changpeng Zhao (CZ), marking a significant moment in terms of regulation for both the exchange and the broader cryptocurrency industry in the US.</li><li>The SEC had accused Binance of various violations, including artificially inflating trading volumes, diverting customer funds, failing to restrict US customers from accessing its platform, and misleading investors regarding its market surveillance capabilities.</li><li>The decision to dismiss the lawsuit comes amid ongoing discussions about the regulatory landscape for digital assets in the United States, signaling a significant shift in the SEC’s approach to regulating cryptocurrency exchanges under its new chair Paul Atkins.</li></ul>

Victory For Binance: US SEC Decides To Dismiss Lawsuit

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