SEC Dismisses Case Against Binance, Zhao Mockingly Responds
- SEC dismisses case, involving major crypto figures and entities.
- Binance’s case dismissal signals changing regulatory focus.
- Potential implications for U.S. cryptocurrency regulation practices.
SEC Drops Binance Lawsuit of 2023
On May 29, 2025, after a joint motion, the SEC dismissed its lawsuit against Binance and Changpeng Zhao, marking a significant change in regulatory attitudes.
The lawsuit, filed by the SEC in June 2023, accused Binance of various securities law violations but has now been permanently removed from court dockets.
Crypto Market Braces for Regulatory Changes
Market analysts predict a cautious market response as stakeholders assess evolving regulatory landscapes, reflecting broader implications for global cryptocurrency regulation.
These developments may encourage a political strategy shift, aligning U.S. approaches with global crypto regulatory standards.
Regulatory Recurrence in Binance’s History
This follows a [March 2023 CFTC filing](https://www.cftc.gov/PressRoom/PressReleases/8680-23) and a DOJ settlement in November 2023, emphasizing recurring regulatory challenges for major exchanges.
Experts suggest that regulatory strategies will likely adapt, influencing future regulatory and industry practices in the face of ongoing market evolution.
Gary Gensler, Chair, U.S. Securities and Exchange Commission, said, “We allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.”
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