The Securities and Exchange Commission (SEC) has dropped its lengthy lawsuit against Binance, a pivotal move with significant implications for the cryptocurrency landscape in France. Discover the impact of this victory on the future of the industry.
On May 29, 2025, the United States Securities and Exchange Commission (SEC) filed a joint motion to settle its lawsuit against Binance, its subsidiary Binance.US, and its former CEO, Changpeng Zhao (CZ).
Initiated in June 2023, the complaint accused Binance of operating as an unregistered broker, manipulating trading volumes, and offering digital assets like Solana (SOL) and Cardano (ADA), considered unregistered securities. The decision to dismiss the case “with prejudice,” preventing the SEC from reopening the same case, represents a resounding victory for Binance and the crypto industry.
This announcement comes amidst regulatory changes in the United States. Under the presidency of Donald Trump and interim leadership of Mark Uyeda at the SEC, a crypto task force, led by Hester Peirce, was established in January 2025 to reassess ongoing litigations.
This task force has already led to the dropping of charges against Coinbase, Ripple, and Kraken, signaling a shift towards less aggressive regulation.
Indeed, the SEC’s decision appears to indicate a more collaborative and constructive approach by the U.S. regulator towards the industry. After years of confrontation, this turnaround could herald an era of dialogue and enhanced cooperation between authorities and sector players.
Binance celebrated this decision as a validation of its compliance with U.S. laws. “We are thrilled that the SEC has dropped its charges, confirming that Binance.US did not violate securities laws,” said a Binance.US spokesperson. Binance also thanked President Trump and SEC Chairman Paul Atkins for “pushing back on enforcement regulation.”
Enthusiasm is evident on social media. Posts on X describe this decision as a “major win for crypto,” forecasting increased confidence and a potential rise in BNB, Binance’s native token. Some speculate that Binance might adopt protocols aligned with U.S. preferences, like XRP or ISO20022, to bolster its position.
This decision marks a shift towards more collaborative regulation. By ending the era of “enforcement regulation,” the SEC paves the way for increased legal clarity, crucial for innovation and growth. Exchanges like Binance can focus on developing products and services, while investors will benefit from increased trust.
In the long run, this development could encourage other jurisdictions, such as the European Union and Asia, to adopt similar regulatory frameworks, promoting global cryptocurrency adoption.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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