SEC files dismissal on Binance lawsuit files after two-year securities showdown

Description

The filing comes three months after the parties asked for a pause, citing that the SEC Crypto Task Force could impact and facilitate the case resolution.

Authors

Gino Matos

Publish date

May 29, 2025

Publisher

CryptoSlate

Web URL

https://cryptoslate.com/sec-files-dismissal-on-binance-lawsuit-files-after-two-year-securities-showdown

Referenced by

SEC dismisses long-standing legal action against Binance

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News story

The court is expected to close the docket when it receives the notice of dismissal, formally concluding the two-year-long legal battle between Securities and Exchange Commission v. Binance Holdings Ltd., BAM Trading Services Inc., and Changpeng Zhao.

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The notice does not include a monetary settlement, and the document does not specify whether dismissal is with or without prejudice.

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