SEC falls a lawsuit on another gift for encryption

Two years after the start of legal procedures, the Supreme Education Council fell a lawsuit against Binance, the largest exchange in the world. It was one of the final measures of the US government against encryption companies.

SEC and Binance lawyers jointly moved to reject the case on Thursday’s file. Follow a A 60 -day pause He asked both sides in February. The case has been rejected with bias, which means that the Supreme Education Council cannot follow it again. “We are very grateful to the President (SEC) Paul Atkins and Trump’s administration that he realized that innovation cannot be flourished under the organization by enforce Reuters In a statement, calling the chapter “a historic moment”.

second A lawsuit against Binance in 2023Accusing him, the founder of Changpeng Zhao, from running an illegal exchange in the United States and fraud on investors, along with a series of other crimes. Binance Separate With the Ministry of Justice in 2023, which witnessed the company’s agreement to pay $ 4.3 billion of fines. Zhao stepped from the company and pledged guilty to break the laws of anti -money laundering, paying $ 50 million in personal fines and service A. The prison sentence for four months.

SEC’s dismissal is the newest sign of the Trump administration’s embracing the cryptocurrency industry. In April It has been resolved The Ministry of Justice Unit is devoted to the implementation of fraud in the encrypted currency, and indeed this year the Supreme Education Council dropped investigations in both Coinbase and Robinhood. Meanwhile, Trump strengthened the encryption industry by launching a Crypto strategic reserve And hosting a special dinner for those wishing to return (Or shortIt has Mimi $ trump.