The Securities and Exchange Commission (SEC) on May 29 voluntarily dismissed its civil lawsuit against cryptocurrency exchange Binance, following a nearly two-year legal battle.
A joint stipulation of dismissal was signed by lawyers for the regulator and Binance, as well as Binance founder Changpeng Zhao, and filed in the District Court for the District of Columbia.
The SEC said dismissing the litigation—first brought in June 2023—was appropriate “in the exercise of its discretion and as a policy matter,” and that the dismissal “does not necessarily reflect the Commission’s position in any other litigation or proceeding.”
According to the filing, the parties are asking for the case to be dismissed with prejudice, meaning the SEC cannot pursue the lawsuit again….