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SEC dismisses case against crypto exchange Binance

  • The SEC and Binance co-founder Zhao Changpeng filed a joint motion to dismiss the case against Binance with prejudice, meaning it cannot be refiled.
  • Binance admitted to anti-money laundering and sanctions violations in a 2023 plea deal, agreeing to pay $4 billion, with Zhao also pleading guilty and being sentenced to prison.
  • The Genius Acta bill that aims to create a regulatory framework for stablecoins cleared a procedural hurdle in the Senate last week.
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  • 55% of the sources are Center
55% Center
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Forbes broke the news in United States on Thursday, May 29, 2025.
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