The American Securities and Exchange (SEC) commission has officially abandoned its trial against Binance and the founder Changpeng Zhao, reporting a central moment for the cryptographic industry. The dismissal of the case, which comes with prejudices – which means that it cannot be passed on – obtains the end of one of the most aggressive application measures in the history of American cryptography.
Placed in June 2023, the SEC accused Binance of inflating trading volumes, using abusive customer funds and deceiving investors on its compliance practices. However, the agency now stipulates that rejection of the case is a discretionary political decision and has no impact on its position on other disputes related to crypto.
Binance praised the decision with optimism, calling a victory for the global cryptography community and a boost for responsible innovation. In a public declaration, Binance stressed that the result benefits American consumers, world users and financial innovators. The exchange said: “The movement signals a world green light for responsible cryptographic innovation, strengthening the confidence of the United States to the EU and beyond.”
According to Binance, this development sends a clear message that the United States can move to regulatory clarity, marking the end of an uncontrolled era of application. While recognizing that challenges remain, the company has declared that the decision represents a step towards a more legitimized and well understood digital asset landscape.
The decision has already aroused a positive feeling among entrepreneurs, developers and investors, in particular in innovation centers such as Silicon Valley and Austin. With the closure of the dry affair, Binance thinks that the future of crypto in the United States and in the world has just become much brighter.
