The SEC and Binance.US filed a joint motion today to finish the ongoing legal battle between the two parties. The two entities have been negotiating for several months, but this represents a significant breakthrough.
Still, it may be premature to claim that the legal proceedings are entirely resolved.
While former Chair Gary Gensler was in office, the SEC was much more aggressive about pursuing charges against Binance’s US division.
In the intervening months, however, the Commission has taken a much softer stance. The two filed a joint motion to pause their battle in February and asked for an extension over a month ago. Today, they requested a permanent end:
Today, the SEC fully dismissed its charges against https://t.co/AZwoBOh0gq.This outcome confirms what we have always known: that we did not violate U.S. securities laws.
— Binance.US 🇺🇸 (@BinanceUS) May 29, 2025
The SEC filed a lawsuit against Binance, Binance.US, and founder Changpeng Zhao on June 5, 2023, in the US District Court for the District of Columbia. The complaint included 13 charges, alleging violations of federal securities laws.
The SEC claimed that Binance offered and sold unregistered securities, including BNB and BUSD tokens, investment products like “Simple Earn,” “BNB Vault,” and a staking-as-a-service program.
Also, the Commission asserted that Binance.US misled investors about its market surveillance and controls, citing instances of wash trading that artificially inflated trading volumes. But now, under the current pro-crypto administration, the SEC is dropping these enforcement claims.
However, this is not the Commission’s only recent attempt to end a Gensler-era legal battle.
The Commission reached similar agreements with Ripple to end their famous court case, but procedural issues have frustrated the deal.
Even when the regulator and token issuer filed joint proposals and settlement offers, judicial rulings have still prevented a clean conclusion. Unfortunately, Binance and the SEC may or may not run into similar issues today.
For now, the news signals the SEC’s deep commitment to making amends with scrutinized crypto businesses. Due to legal complexities, the dispute may continue to exist, at least on paper, for weeks or months to come.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。