The U.S. Securities and Exchange Commission has dropped its lawsuit against Binance and founder Changpeng Zhao, according to CNBC. The move marks the formal end of one of its last major crypto enforcement actions. The SEC originally accused Binance of illegally serving U.S. users, inflating trading volumes, and commingling customer funds. The court granted the SEC’s motion to dismiss with prejudice, preventing the agency from bringing the same claims again. Under the SEC’s new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. Securities and Exchange Commission has dropped its lawsuit against Binance and founder
00:06Jingpen Zhao, according to CNBC, who marks the formal end of one of its last major crypto
00:11enforcement actions. The SEC originally accused Binance of illegally serving U.S. users,
00:16inflating trading volumes, and commingling customer funds. Court granted the SEC's motion
00:21dismissed with prejudice, bringing the agency from bringing the same claims again. Under the
00:25SEC's new leadership, the agency has shifted away from enforcement and toward engagement
00:29and regulatory rollback. For all things money, visit Benzinga.com slash GSTV.