SEC Backs Down From Binance, Zhao Case Citing Discretion, New Crypto Strategy
- SEC, Binance, & Zhao jointly file to dismiss the agency’s June 2023 lawsuit “with prejudice.”
- Dismissal follows Binance/Zhao’s $4.3B DOJ settlement & reflects a new crypto policy stance.
- SEC cites Crypto Task Force developments & “discretion” for ending the Binance/CZ case.
The U.S. Securities and Exchange Commission (SEC) has requested the dismissal of its high-profile lawsuit against global crypto exchange Binance and its co-founder Changpeng “CZ” Zhao, signaling a potentially significant turn in the agency’s crypto enforcement era.
In a joint motion filed on May 29 in a Washington, D.C., federal court, the SEC, alongside Binance and Zhao, formally asked for the case—initially launched in June 2023, to be terminated “with prejudice,” a legal stipulation that would prevent the same lawsuit from being refiled.
— Kyle Chassé / DD
SEC AND BINANCE FILE JOINT STIPULATION TO DISMISS THE ENFORCEMENT CASE
ENDING THE AGENCY’S LITIGATION AGAINST THE EXCHANGE!!! pic.twitter.com/vbmq3eAMh7(@kyle_chasse) May 29, 2025
Background of the SEC’s Action
The SEC’s lawsuit originally accused Binance, its U.S. arm BAM Trading, and Zhao of multiple securities …
The post SEC Backs Down From Binance, Zhao Case Citing Discretion, New Crypto Strategy appeared first on Coin Edition.
Read More
SEC Backs Down From Binance, Zhao Case Citing Discretion, New Crypto Strategy
- SEC, Binance, & Zhao jointly file to dismiss the agency’s June 2023 lawsuit “with prejudice.”
- Dismissal follows Binance/Zhao’s $4.3B DOJ settlement & reflects a new crypto policy stance.
- SEC cites Crypto Task Force developments & “discretion” for ending the Binance/CZ case.
The U.S. Securities and Exchange Commission (SEC) has requested the dismissal of its high-profile lawsuit against global crypto exchange Binance and its co-founder Changpeng “CZ” Zhao, signaling a potentially significant turn in the agency’s crypto enforcement era.
In a joint motion filed on May 29 in a Washington, D.C., federal court, the SEC, alongside Binance and Zhao, formally asked for the case—initially launched in June 2023, to be terminated “with prejudice,” a legal stipulation that would prevent the same lawsuit from being refiled.
— Kyle Chassé / DD
ENDING THE AGENCY’S LITIGATION AGAINST THE EXCHANGE!!! pic.twitter.com/vbmq3eAMh7
Background of the SEC’s Action
The SEC’s lawsuit originally accused Binance, its U.S. arm BAM Trading, and Zhao of multiple securities …
The post SEC Backs Down From Binance, Zhao Case Citing Discretion, New Crypto Strategy appeared first on Coin Edition.
Read More