SEC Files to Dismiss Long-Running Lawsuit Against Binance

Description

The U.S. Securities and Exchange Commission moved to drop its long-running lawsuit against crypto exchange Binance on Thursday, without providing an explanation in a court filing.

Authors

Nikhilesh De

Publish date

May 29, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/policy/2025/05/29/sec-files-to-dismiss-regulators-long-running-lawsuit-against-binance

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SEC dismisses long-standing legal action against Binance

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News story

The SEC sued Binance in June 2023, but moved to pause the case after Donald Trump retook the Oval Office.

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The filing also includes provisions to block Binance or its affiliated entities and executives from filing a suit or complaint against the SEC tied to the lawsuit, which was brought in June 2023 against Binance, Binance.US and Binance founder Changpeng CZ Zhao.

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