The US stock and values commission. UU. It moved to eliminate its long -term demand against Crypto Exchange Binance on Thursday, without providing an explanation in a judicial presentation.
The SEC and Binance presented a joint motion, noting that the case had already stopped while the new Crypto task force of the SEC worked to “develop a regulatory framework for cryptography assets.”
“In the exercise of its discretion and as a policy issue, the commission believes that the dismissal of this litigation is appropriate,” said the joint presentation. “… the decision of the commission to request the dismissal of this litigation does not necessarily reflect the position of the commission in any other litigation or procedure.”
The SEC has not yet published a framework, although legislators in the United States Representatives Chamber introduced their formal bill to define how the SEC and its sister agency, the Basic Products Commerce Commission, will supervise the earliest digital assets on Thursday.
The parties want the case to dismiss with prejudice, which means that the SEC could not bring this demand against Binance again in the future. The presentation also includes provisions to block Binance or its affiliated and executive entities to file a lawsuit or complaint against the SEC linked to the demand, which was filed in June 2023 against Binance, Binance.us and the founder of Binance Changpeng Cz Zhao.
Judge Amy Berman Jackson, who supervises the case, previously ruled that the SEC had presented plausible charges against exchange and allowed most demand to continue last year.
In a statement, an external Binance spokesman said that they were “pleased that the secimbly dismissed their positions against Binance.us, confirming what we have always known, that the company did not violate the values of values of the United States.”
“Today’s news is an important milestone for our company, since putting this issue at rest allows us to focus completely on growing our business and working on the restoration of our relationships that were affected by the SEC,” said the statement. “We are excited about the future of Binance.us and Crypto in the United States and hope to continue offering access to cryptography in the USA. UU., Maintaining our commitment to compliance and our clients.”
Thursday’s presentation only marks the last retirement of the SEC, which already moved to fall on a dozen other investigations and demands. Before 2025, the SEC was investigating the non -fungible tokens markets and demanding cryptography exchanges. Binance was just an exchange that the SC alleged that it was illegally operating as an unregistered corridor, Clearinghouse and Exchange. Others included Coinbase and Kraken.
The change of the SEC occurred after Donald Trump resumed the office as president of the United States, appointing Commissioner Mark Uyeda as interim president and nominate Paul Atkins to be the full president of the agency. Atkins was confirmed and jury in office last month.
Last week, Binance announced that it would list USD1, a stablcoin issued by World Liberty Financial, a cryptographic company linked to Trump, some of Trump’s children and some of its affiliates.
The earliest Thursday, the SEC Commissioner Hester Peirce said during an appearance in Bitcoin 2025 in Las Vegas that some cryptographic investors should not expect a rescue 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 the Binance.us statement.
Update (May 29, 23:05): Add USD1 note.
