SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

Key Points:

• The dismissal by the SEC comes two after the agency accused Binance of illegally serving U.S. users and misusing customer funds.
• The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down, while retaining much of his wealth.
• Binance is taking a $2 billion investment from the Emirati state fund MGX entirely in USD1, a stablecoin newly launched by the Trump family’s World Liberty team.