(Reuters) — The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, extending the regulator’s new approach to cryptocurrencies since President Donald Trump reentered the White House.
A joint stipulation of dismissal signed by lawyers for the SEC, Binance and Binance founder Changpeng Zhao was filed in the Washington, D.C., federal court.
The SEC said dismissing the enforcement case was appropriate “in the exercise of its discretion and as a policy matter,” and did not reflect its view on other cryptocurrency litigation.
Its dismissal is with prejudice, meaning the SEC cannot pursue the case again.
In a statement, a Binance spokesperson called the dismissal “a landmark moment. We’re deeply grateful to (SEC) Chairman Paul Atkins and the Trump administration for recognizing that innovation can’t thrive under regulation by enforcement.”
