The U.S. Securities and Exchange Commission has officially dropped its lawsuit against Binance and its founder, Changpeng Zhao. This unexpected move comes nearly two years after the SEC first accused the exchange of violating securities laws.
In June 2023, the agency asserted that Binance was responsible for artificial volume boosts, careless handling of client assets, and deceiving investors about its main practices. As the lawsuit has been dismissed with prejudice, no future claims may be made on the same ground.
The company saw the announcement as a major success that benefited Binance and also the entire blockchain industry. Binance believes that this action will increase trust among digital currency users across countries such as the U.S., Europe, and elsewhere...
https://36crypto.com/sec-shocker-binance-lawsuit-dropped-crypto-world-reacts-fastBinance as we know has been the global leading exchange which have some effect on the market to control the cryptocurrency industry and as the day goes by that is more people keep joining that exchange. Who wouldn't be that please over the case against them for about 2 years now if i am not mistakenly, Sec are also looking for away to buy or dive into full cryptocurrency since the Trump administration has so much favored cryptocurrency and bitcoin.
Anyway thanks for sharing and this are the kind of good news we are expecting to hear, I believe one day we would Binance enable NGNUSDT again, I also believed that their case has been resolved till date, though anyone who is currently follow the update can as well share here for us.