SEC drops suit against Binance
The SEC officially dropped its lawsuit against the cryptocurrency exchange Binance on Thursday.
Why it matters: It was one of the last major crypto cases still pending from the Biden-era SEC.
Catch up quick: The SEC and Binance filed a joint stipulation with the court to dismiss the case against both the company and its founder Changpeng Zhao, originally filed in 2023.
Binance and Zhao previously pled guilty in November 2023 as part of a $4.3 billion settlement involving U.S. criminal and civil charges.
The SEC, which had charged both at the time with a number of securities violations, did not join that settlement.
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