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SEC's Hester Peirce Explains Why the Agency Dropped Its Binance Lawsuit: CNBC Crypto World

  • The SEC dropped its long-standing lawsuit against Binance and founder Changpeng Zhao on May 30, 2025, in a Washington, D.C. Federal court.
  • This dismissal follows the SEC's leadership change under Trump and a shift toward a more pro-crypto regulatory stance favored by both major U.S. Political parties.
  • The lawsuit accused Binance of operating an unregistered exchange, inflating trading volumes, misusing customer assets, and offering securities such as Solana and Cardano.
  • Binance celebrated the dismissal as a "big win for Binance, crypto, and the U.S.", signaling a comeback and a new chapter for American crypto innovation and clearer regulatory rules.
  • This regulatory shift has eased enforcement actions and could spur innovation, reshape investor protections, and influence global crypto markets by creating a more welcoming environment.
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The US Stock Exchange and Securities Commission (SEC) dismissed the case it had launched since 2023 against Binance, the world’s largest cryptocurrency exchange by volume and number of users. “The dismissal of the SEC case against Binance represents a historic moment. We are deeply grateful to President Paul Atkins and the Trump administration for recognizing that innovation cannot thrive through compliance regulation. The US is back, leading Bl…

Key points of the news: Binance states that the US could regain its position as a global crypto center following the withdrawal of a lawsuit against the company and Changpeng Zhao. Richard Teng stressed that the current regulatory stance prioritizes clear rules on sanctions, opening the way to the creation of a predictable legal framework. The firm, with 275 million users and 22 licenses, counts in its compliance structure with 1,400 employees f…

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crypto.news broke the news in on Monday, June 2, 2025.
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