U.S. SEC dismisses lawsuit against Binance crypto exchange
The U.S. Securities and Exchange Commission has formally dropped its lawsuit against Binance and co-founder Changpeng Zhao. A joint motion to dismiss the case was filed in federal court in Washington, D.C., on May 29. In its initial complaint, filed in June 2023, the SEC claimed that Binance had diverted customer assets, inflated trading volumes,…