SEC Backs Down From Binance, Zhao Case Citing Discretion, New Crypto Strategy

SEC, Binance, & Zhao jointly file to dismiss the agency’s June 2023 lawsuit “with prejudice.” Dismissal follows Binance/Zhao’s $4.3B DOJ settlement & reflects a new crypto policy stance. SEC cites Crypto Task Force developments & “discretion” for ending the Binance/CZ case. The U.S. Securities and Exchange Commission (SEC) has requested the dismissal of its high-profile lawsuit against global crypto exchange Binance and its co-founder Changpeng “CZ” Zhao, signaling a potentially significant turn in the agency’s crypto enforcement era. In a joint motion filed on May 29 in a Washington, D.C., federal court, the SEC, alongside Binance and Zhao, formally asked for the case—initially launched in June 2023, to be terminated “with prejudice,” a legal stipulation that would prevent the same lawsuit from being refiled. SEC AND BINANCE FILE JOINT STIPULATION TO DISMISS THE ENFORCEMENT CASE ENDING THE AGENCY’S LITIGATION AGAINST THE EXCHANGE!!! pic.twitter.com/vbmq3eAMh7 — Kyle Chassé / DD (@kyle_chasse) May 29, 2025 Background of the SEC’s Action The SEC’s lawsuit originally accused Binance, its U.S. arm BAM Trading, and Zhao of multiple securities … The post SEC Backs Down From Binance, Zhao Case Citing Discretion, New Crypto Strategy appeared first on Coin Edition .

Source: Coin Edition