Islamabad, 30 May 2025: In a significant regulatory development, the U.S. Securities and Exchange Commission (SEC) has officially withdrawn its civil lawsuit against Binance Case, the world’s leading cryptocurrency exchange.
The dismissal, made public on Thursday, reflects a noticeable shift in crypto regulation under the returning Trump administration.
Legal Reversal Marks New Policy Approach
The Binance Case was formally ended through a court submission in Washington, D.C., jointly signed by legal representatives of the SEC, Binance, and its founder, Changpeng Zhao. The filing was marked “with prejudice,” which means the case cannot be reopened in future proceedings.
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The SEC described the move as a policy decision taken at its discretion, adding that this action should not be interpreted as a comment on other ongoing investigations into digital asset companies.
Industry Reaction and Trump’s Pro-Crypto Agenda
Binance welcomed the ruling as a defining moment for the crypto sector. The company attributed the outcome to SEC Chairman Paul Atkins and praised the Trump administration for promoting a more innovation-friendly environment.
Observers note that Trump’s return to office has coincided with a wave of enforcement rollbacks affecting the digital finance industry.
The original 2023 complaint accused Binance of manipulating trading data, misusing client assets, and allowing trade in digital tokens classified by the Biden-era SEC as unregistered securities.
This lawsuit was separate from the company’s $4.32 billion settlement over anti-money laundering violations, for which Zhao served a brief prison sentence.
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Regulatory Landscape Under Review
Despite ending the Binance Case, the SEC signaled it would maintain oversight of crypto markets. A new lawsuit was recently filed against startup Unicoin, accused of misleading investors.
However, with several enforcement actions either paused or dropped, Washington’s regulatory tone under Trump appears to be evolving, opening the door to a revised digital asset framework.
