On Thursday, the Securities and Exchange Commission Commission Commission decided to remove its long -term trial against Crypto Exchange Binance, without providing an explanation in a court file.
The SEC and Binance filed a joint motion, noting that the case had already been interrupted while the new dry crypto working group worked to “develop a regulatory framework for cryptographic assets”.
“In the exercise of its discretionary power and as a political case, the Commission considers that the rejection of this dispute is appropriate,” said the joint file. “… The committee’s decision to request the dismissal of this dispute does not necessarily reflect the position of the commission in any other dispute or procedure.”
The SEC has not yet published a manager, although the legislators of the American House of Representatives have presented their official bill to define how the SEC and its sister agency, the Commodity Futures Trading Commission, would each supervise digital assets earlier on Thursday.
The parties want the case to be rejected with prejudice, which means that the dry would not be able to collect this trial against Binance in the future. The deposit also includes arrangements to block Binance or its affiliated entities and managers to file a complaint or a complaint against the secrecy linked to the trial, which was brought in June 2023 against Binance, Binance.us and the founder of Binance Changpeng Cz Zhao.
Justice Amy Berman Jackson, who supervises the case, previously judged that the SEC had brought plausible charges against the scholarship and enabled most of the trial to continue last year.
In a statement, an external spokesperson from Binance.us said they were “happy that the SEC has fully rejected its expenses against Binance.us, confirming what we have always known – that society has not violated American securities laws”.
“Today’s news is an important step for our business, because putting this case allows us to focus entirely on the growth of our business and to work on the restoration of our relationships that have been affected by the dry,” said the press release. “We are delighted with the future of Binance.us and the crypto in the United States and we are impatient to continue to offer access to crypto in the United States, while maintaining our commitment to compliance and our customers.”
Thursday’s deposit marks the last withdrawal of the SEC, which has already decided to lower more than a dozen other surveys and prosecution. Before 2025, the SEC was investigating non -bubbled token markets and crypto prosecution exchanges. Binance was only an exchange that the dry was illegally operating as an unregistered broker, Clearinghouse and Exchange. Others included Coinbase and Kraken.
The return tour of the SEC came after Donald Trump handed over the office as a president, appointing Commissioner Mark Uyeda as an acting president and appointing Paul Atkins to be the complete president of the agency. Atkins was confirmed and sworn last month.
Last week, Binance announced that it would list USD1, a stablecoin published by World Liberty Financial, a cryptographic company linked to Trump, some of Trump’s children and some of his affiliates.
Earlier Thursday, the SEC Commissioner, Hester Peirce, told Bitcoin 2025 in Las Vegas that certain cryptographic investors should not expect bailiff or government protection if they invest in speculative digital assets.
Update (May 29, 2025, 22:08 UTC): Add additional details.
Update (May 29, 22:45): Add a Binance.us declaration.
Update (May 29, 23:05): Add a USD1 note.
