US regulator drops lawsuit against Binance / Photo: JUSTIN SULLIVAN - GETTY IMAGES NORTH AMERICA/AFP
-
Messi v Salah in World Cup last-16 showdown
-
Democrats push key US Senate candidate to quit over sex assault claim
-
Death toll from China storms rises to 15, hundreds injured
-
As South Korean Buddhism woos Gen Z, how hip is too hip?
-
Belgium boosted by Balogun furore: Tielemans
-
'Disappointed' Pochettino says Balogun row no excuse for US World Cup exit
-
Samsung expects 1,800% operating profit leap on AI boom
-
Seoul dives on mixed day in Asia as Samsung fails to ease tech woes
-
Belgium thrash USA to end World Cup dream and set up Spain showdown
-
Belgium dump US out of World Cup after Balogun row
-
France's Le Pen faces pivotal ruling in race for president
-
How US is using cash and threats to dump migrants in Africa
-
NATO allies seek to win over Trump after Iran ire
-
Democrat in key US Senate race denies sex assault claim
-
US leads international concern after China test-fires missile into Pacific
-
Samsung expects 1,800% leap in quarterly operating profit on AI boom
-
Close to tears and on his own as Ronaldo's World Cup dream ends
-
Russian strikes kill at least 26 in Kyiv region on eve of NATO summit
-
Argentina's gruelling World Cup schedule a concern for Scaloni
-
Ronaldo 'won't make rash decisions' following last World Cup game
-
Race to recover bodies ahead of Venezuela quake cleanup
-
Paraguay govt slams lawmaker for racially abusing France's Mbappe
-
Egypt coach Hassan says Palestinian suffering 'a shame on the world'
-
US embraces Balogun World Cup reprieve as world seethes
-
NBA Kings waive six-time All-Star forward DeRozan
-
Spain win it late to give Ronaldo bitter end to World Cup career
-
Greaves and Hope centuries usher West Indies towards safety
-
Spain edge Portugal to end Ronaldo World Cup dream, US eye quarters
-
'I celebrated in bed' -- Norway's Solbakken stays grounded after beating Brazil
-
Spain win it late to bid farewell to Ronaldo at World Cup
-
Canada chooses Germany's TKMS to build new fleet of submarines
-
Trump's fireworks made Washington world's most polluted city
-
Mbappe condemns racist abuse by Paraguayan senator after World Cup clash
-
Stock markets meander as US tech stocks climb
-
FIFA chief forced to defend Balogun World Cup reprieve
-
Britain's Fery stuns Dimitrov, Paolini into Wimbledon quarters
-
Antetokounmpo says goodbye to Milwaukee in video
-
Russian strikes kill 24 in Kyiv region on eve of NATO summit
-
Fairytale Fery sinks Dimitrov to make Grand Slam history at Wimbledon
-
Trump touts latest White House renovation: a new helipad
-
Canadian Artemis II crew member to retire from space agency
-
Fritz powers past Bublik, into Wimbledon last eight again
-
Prince Harry arrives in UK amid security spat
-
Ovechkin won't say next NHL season will be his last
-
'Agony' in Cuba amid third nationwide blackout in six months
-
Djokovic, Sinner aim to book Wimbledon blockbuster
-
For Trump's World Cup, 'America First' collides with world's game
-
Record fireworks display choked Washington in toxic smoke
-
England's World Cup campaign takes flight with Mexico win
-
Macron in Syria on first post-Assad visit by West European head of state
US regulator drops lawsuit against Binance
The US Securities and Exchange Commission (SEC) on Thursday dropped its civil lawsuit against the cryptocurrency exchange Binance and its majority shareholder, Changpeng Zhao.
"In the exercise of its discretion and as a matter of policy, the Commission deems it appropriate to dismiss this litigation," the agency said in a court filing.
The SEC added that dropping the lawsuit "does not necessarily reflect its position in any other litigation or proceeding."
Binance, the world's largest cryptocurrency exchange, is accused in several countries of allowing criminal organizations to launder funds through its platform.
Zhao, the company's co-founder and former CEO, pleaded guilty in late 2023 to violating anti-money-laundering requirements in the United States, serving a four-month prison sentence for it in 2024.
As part of the company's $4.3 billion settlement with US authorities, Zhao agreed to resign from his position at Binance while remaining a majority shareholder.
US President Donald Trump's pro-crypto SEC chair Paul Atkins has dropped other cases against major cryptocurrency platforms like Coinbase and Kraken initiated under the administration of former president Joe Biden.
S.Barghouti--SF-PST