And so, the plot thickens, or rather, unravels like a poorly written soap opera. The U.S. Securities and Exchange Commission (SEC), in an almost uncharacteristic show of mercy, has agreed to dismiss the lawsuit against Binance. How charming!
Once upon a time, in June 2023 to be exact, the SEC decided it was going to play the role of the righteous hero and take down the cryptocurrency titan known as Binance. The villain? The trading platform’s former CEO, Changpeng Zhao. Accusations were flung about—security laws violated, ethical lines crossed—classic courtroom drama, except no one actually seemed to care that much.
Fast forward to today, and lo and behold, the entire circus has come to an end. After months of careful legal ballet, a federal judge in Washington, D.C. waved his gavel and called a timeout back in February, allowing the two opposing sides to figure out how to backpedal without looking too foolish. And now, the case is officially dismissed. How wonderful for everyone involved, except maybe for anyone who thought this was going to result in a dramatic legal spectacle. Spoiler alert: it wasn’t.
“Oh, what a victory!” Binance.US tweeted, likely standing in front of a giant inflatable trophy, grinning from ear to ear. “Now that this pesky little distraction is out of the way, we can get back to what really matters: expanding crypto access, winning back trust, and doing whatever it takes to make everyone forget this ever happened.” Classic corporate spin, you might say. Bravo!
Today, the SEC fully dismissed its charges against us.
This outcome confirms what we’ve always known: we did not violate U.S. securities laws.
— Binance.US 🇺🇸 (@BinanceUS) May 29, 2025
Yet, in a twist that could only be described as anticlimactic, BNB (Binance Coin) barely budged. The token rose a pitiful 0.4% over the past hour, as if it couldn’t be bothered with all this legal drama. Maybe the market already priced in the news, or maybe people just got tired of pretending this was all that important. Who can say?
Oh, and just for the sake of good measure, let’s not forget that the SEC has recently waved goodbye to similar cases involving Kraken and Coinbase. Is there a pattern here? You tell me.
Read More
- PI PREDICTION. PI cryptocurrency
- Gold Rate Forecast
- WCT PREDICTION. WCT cryptocurrency
- Guide: 18 PS5, PS4 Games You Should Buy in PS Store’s Extended Play Sale
- LPT PREDICTION. LPT cryptocurrency
- Playmates’ Power Rangers Toyline Teaser Reveals First Lineup of Figures
- Shrek Fans Have Mixed Feelings About New Shrek 5 Character Designs (And There’s A Good Reason)
- FANTASY LIFE i: The Girl Who Steals Time digital pre-orders now available for PS5, PS4, Xbox Series, and PC
- SOL PREDICTION. SOL cryptocurrency
- Solo Leveling Arise Tawata Kanae Guide
2025-05-30 00:32