SEC Drops Binance Lawsuit in Landmark Crypto Policy Shift
In a stunning move that signals a potential U.S. policy shift toward cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Binance Holdings Ltd and its co-founder, Changpeng Zhao (CZ) — two years after initially accusing the crypto giant of financial misconduct. What Was the Case About? Filed in June 2023, the SEC lawsuit accused Binance of: The SEC, under the previous Biden administration, was pursuing multiple crypto enforcement actions — with Binance considered a flagship case. Why the SEC Dropped the Case This follows a 60-day pause requested in February 2025, citing the formation of a new crypto regulatory task force by then-acting SEC Chairman Mark Uyeda. Trump-Era Policy Shift? Sources, including Reuters, suggest this dismissal reflects a pro-crypto pivot under President Donald Trump, who has appointed more crypto-friendly voices like SEC Chair Paul Atkins. Binance Reacts Binance took to X (formerly Twitter), calling the decision: What About CZ’s Past Case?