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In a major development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has officially dismissed its high-profile case against Binance, the world’s largest crypto exchange platform. The decision marks a significant reversal in federal enforcement efforts and reflects a broader shift in the government's approach to digital asset regulation under the Trump administration.
The SEC initially filed suit against Binance in June 2023 during the Biden administration, accusing the company of operating an unregistered securities exchange, artificially inflating trading volumes, and misleading investors about its. . .
