Quote from: Happy Bunny on June 01, 2025, 11:34:52 PM

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...

I am unsure that this news is legit or fud only but two years ago, when there were many attempts from USA. companies with lawsuits against SEC and Bitcoin Spot ETF applications, I imagined of such future for Binance.

USA companies will try to lead combined efforts against Binance as most as possible, and even SEC under USA government will try to make as most advantages as possible for USA companies through regulations. It's not smart if they made big regulatory decisions to benefit Binance while companies from their homeland won't get much advantage from it.

To do this, lawsuits against Binance are very necessary and it is what I thought of last two years.