3 days ago
- Business
- Wall Street Journal
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.
