Binance Secures Major Victory as SEC Dismisses Lawsuit After Prolonged Legal Battle

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has officially moved to dismiss its high-profile civil lawsuit against Binance and its founder Changpeng ’CZ’ Zhao. The filing, submitted on May 29, 2025, to District Court Judge Amy Berman Jackson, marks the end of a two-year legal battle that had been closely watched by the crypto community. This decision comes as the SEC establishes a new crypto task force under Commissioner Hester Peirce, signaling a potential shift in the regulator’s approach to digital assets. Binance has welcomed the dismissal as a validation of its compliance efforts, while industry observers view it as a pivotal moment in the ongoing dialogue between regulators and crypto enterprises. The resolution of this case may set important precedents for how major exchanges interact with financial authorities moving forward.

SEC Dismisses Lawsuit Against Binance After Two-Year Legal Battle

The U.S. Securities and Exchange Commission has moved to dismiss its high-profile civil complaint against Binance and founder Changpeng ’CZ’ Zhao, marking a pivotal moment in the regulator’s contentious relationship with the crypto industry. The filing, submitted to District Court Judge Amy Berman Jackson on May 29, comes as the SEC establishes a new crypto task force under Commissioner Hester Peirce.

Binance hailed the development as a watershed victory, declaring on social media platform X that the dismissal represents a triumph against ’regulation by enforcement.’ The exchange’s statement credited TRUMP administration officials for preserving U.S. innovation, though court documents reveal the resolution followed Binance’s compliance with enhanced transparency measures regarding customer asset segregation.

Legal observers note the dismissal’s ambiguous nature—the filing neither specifies whether it’s with prejudice nor discloses settlement terms. This uncertainty leaves room for future regulatory action as the SEC’s crypto task force continues evaluating how traditional securities frameworks apply to digital asset platforms.

U.S. SEC Dismisses Lawsuit Against Binance: Will BNB Price Regain Bullish Momentum

The United States Securities and Exchange Commission has voluntarily dismissed its lawsuit against Binance, Binance U.S., and co-founder Changpeng Zhao. The move, finalized through a joint stipulation in the U.S. District Court for the District of Columbia, marks the end of a two-year legal battle.

The SEC had previously alleged that Binance facilitated trading of unregistered crypto tokens, including Solana (SOL), Filecoin (FIL), and Cardano (ADA). The dismissal follows a 60-day pause in proceedings earlier this year and coincides with the appointment of new SEC Chair Paul Atkins, who has moved to dismiss several crypto cases initiated by his predecessors.

Binance.US confirmed the development, stating the outcome validates their longstanding position that they did not violate U.S. securities laws. This decision represents a significant victory for the crypto industry, which faced heightened regulatory scrutiny under the previous administration.