SEC Dropped the Lawsuit Against Binance After 2 Years
The US Securities and Exchange Commission (SEC) voluntarily dismissed its lawsuit against Binance yesterday (Thursday) with prejudice, meaning the agency cannot pursue the case again. The regulator had sued Binance and Changpeng Zhao, its founder and former CEO, in June 2023, accusing them of artificially inflating the exchange’s trading volumes. Other charges included the diversion…