In a surprising move, the U.S. Securities and Exchange Commission (S/E/C) announced the dismissal of the civil lawsuit it had filed against Binance, one of the largest cryptocurrency exchanges in the world, and its founder Changpeng "C/Z" Zhao.
🟢 What happened?
The two parties (Binance and S/E/C) filed a joint request
to the federal court in Washington to close the case.
The court agreed, and thus the case is officially closed and cannot be reopened in the future.
⚖️ Why is this important?
This case posed a significant threat to Binance's future in the U.S. market.
Its dismissal reflects a change in the S/E/C's policy following administrative changes, especially with the new administration in the White House.
This move is seen as a positive signal for the entire cryptocurrency industry.
📈 What does this mean for investors?
General relief in the market, which may lead to increased user confidence in centralized platforms.
It is expected that this decision will positively impact cryptocurrency prices in the coming period.
📌 Summary:
Binance exits a case that threatened its stability, and the markets celebrate this major legal relief.
