“We are deeply grateful to President Paul Atkins and the Trump administration for recognizing that innovation cannot prosper through a compliance regulation,” they said from Binance.
The United States Stock Exchange and Securities Commission (SEC) voluntarily withdrew on Thursday the demand he had initiated against Binance, the largest cryptocurrency exchange in the world, As stated in a judicial document presented this Thursday before a federal court in Washington DC
The dismissal was agreed by both parties and carries the signatures of the lawyers of the SEC, Binance and its founder, Changpeng Zhao.
The cause had begun in 2023, when the regulator accused the artificially inflating platform the volumes of operations, diverting customer funds, allowing access to US users despite current restrictions, and deceiving the public about its market control mechanisms. In addition, the SEC had pointed out that Binance facilitated the negotiation of multiple cryptoactive that considered unregistered values, in line with the position that maintained the previous management of the organism.
“The dismissal of the case of the SEC against Binance represents a historical moment. We are deeply grateful to President Paul Atkins and the Trump administration for recognizing that innovation cannot prosper through a regulation by compliance. The United States is back, leading from the front the future of blockchain,” They commented from Binance.
Source: Ambito
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