SEC Dismisses Lawsuit Against Binance
The Securities and Exchange Commission dismissed its lawsuit against Binance and its billionaire founder Changpeng Zhao, the agency's latest move to wind down Biden-era enforcement actions against the crypto industry.
In a Thursday court filing, attorneys for the SEC, Binance and Zhao signed on to the agency's decision to dismiss the 2023 lawsuit. The filing noted that the SEC recently created a 'crypto task force' aimed at crafting a new regulatory framework for digital assets, part of a broader effort by the Trump administration to create a friendlier environment for the industry.
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