SEC dismisses lawsuit against Binance
The SEC and Binance have signed a joint stipulation to end the two-year legal battle, court documents show.
The United States Securities and Exchange Commission (SEC) and Binance have filed a joint stipulation seeking to dismiss the securities regulator’s action against the crypto exchange, filings show.
The dismissal specifically relates to the civil enforcement action brought against Binance Holdings, BAM Trading Services, BAM Management US Holdings and Binance’s former CEO, Changpeng Zhao, back in June 2023.
“Whereas, in light of the foregoing, and in the exercise of its discretion and as a policy matter, the Commission believes the dismissal of this Litigation is appropriate,” the May 29 filing in the District Court for the District of Columbia read.
The two parties hinted that a dismissal could have been a possibility in February when the SEC and Binance asked the judge to stay the case. The same request was filed in April.
