On May 29, 2025, the U.S. Securities and Exchange Commission officially dismissed its high-profile lawsuit against Binance and former CEO Changpeng Zhao—marking one of the final major crypto enforcement actions from the Biden-era.

Binance hailed the dismissal as a “huge win for crypto,” thanking regulators for shifting towards clearer rules—especially with the new CLARITY Act and stablecoin frameworks emerging.

Despite a minor dip in Bitcoin’s price (~2.3%), analysts say the legal clarity underpins a more stable foundation for long-term growth.

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