The SEC Drops Lawsuit Against Binance US, Files for Joint Motion
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.
Binance.US and the SEC’s Fight in Final PhasesWhile 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.
