SEC Dismisses Lawsuit Against Binance, BAM Entities, and CZ Over 2023 Allegations

The U.S. Securities and Exchange Commission (SEC) has decided to dismiss its lawsuit against Binance, BAM entities, and founder Changpeng Zhao, also known as CZ, according to a court filing. The case, initiated in 2023, accused Binance of offering unregistered securities, failing to block U.S. users from accessing the main exchange, and commingling customer funds.

The dismissal follows a joint stipulation filed by both the SEC and Binance, effectively terminating the enforcement action. Binance expressed gratitude to Chairman Paul Atkins and the Trump administration for their role in pushing back against what they described as "regulation by enforcement."

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