SEC Withdraws Lawsuit Against Binance: End to Controversial Legal Fight

The Securities and Exchange Commission (SEC) has dropped its lawsuit against Binance, officially ending a high-profile legal battle that began in 2023. This marks a significant development for both the SEC’s regulatory stance on cryptocurrency and the industry as a whole. The complaint, which accused Binance of engaging in deceptive practices like artificially inflating trading volumes, mishandling customer funds, and misleading investors about its compliance measures, has been dismissed through a joint notice of dismissal signed by legal representatives from both the SEC and Binance.