SEC Dismisses Lawsuit Against Crypto Exchange Binance

Under the Biden administration, the agency accused Binance of inflating the platform’s trading volume, among other things.

The Binance logo in an illustration taken on March 31, 2023. Dado Ruvic/Reuters

The Securities and Exchange Commission (SEC) on May 29 voluntarily dismissed its civil lawsuit against cryptocurrency exchange Binance, following a nearly two-year legal battle.

A joint stipulation of dismissal was signed by lawyers for the regulator and Binance, as well as Binance founder Changpeng Zhao, and filed in the District Court for the District of Columbia.