SEC Agrees to Drop Lawsuit Against Binance and Founder CZ: Court Filing
2025-05-29 21:19:31 UTC
The SEC is pulling out of yet another crypto case, filing to dismiss its ongoing litigation against Binance and founder Changpeng Zhao.
The Securities and Exchange Commission on Thursday filed to have its long-running lawsuit against crypto exchange Binance and its founder dropped, a court filing shows.
Wall Street's biggest regulator in 2023 alleged that Binance, its boss Changpeng "CZ" Zhao, and U.S.-based sister company Binance.US offered the sale of unregistered securities, failed to block U.S. users from accessing the main exchange, and commingled customer funds through a "web of deceit."
Editor's note: This story is breaking and will be updated with additional details.
Source: decrypt.co
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