The United States Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Binance, drawing a close to one of the most high-profile regulatory cases in the crypto industry’s recent history.
End of a Lengthy Legal Dispute
The voluntary dismissal, filed with prejudice on Thursday in the U.S. District Court for the District of Columbia, ensures the SEC cannot reopen the case in the future.
Filed in June 2023, the lawsuit, originally led by then-SEC Chair Gary Gensler, accused Binance of a range of infractions, including illegally providing services to U.S. customers, artificially inflating trading volumes, and mishandling customer funds. Central to the SEC’s allegations was the claim that Binance facilitated the trading of crypto assets considered unregistered securities, a legal position the agency had taken against other major exchanges such as Coinbase and Kraken.
In the original complaint, Gensler argued that Binance „attempted to evad
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