The Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Binance and CEO Changpeng Zhao, marking a significant shift in the agency’s approach to crypto regulation. This decision follows the SEC’s pause on enforcement cases as it moves towards establishing comprehensive crypto policies. The dismissal comes after the SEC initially accused Binance of customer asset diversion, trading volume manipulation, and unregistered platform access by U.S. users, along with claims that the company listed tokens like Solana and Cardano without proper registration. The case was amended in October 2024 but ultimately dismissed with prejudice, barring the SEC from re-filing the charges.