Crypto: the dry officially removes its complaint against Binance and Cz

The sec turns the page on his showdown with Binance, ending an emblematic procedure of the Entre Gensler. By removing its complaint against the Exchange, its founder Cz and Binance.us, the regulator sends a strong signal: the center of political gravity to Washington switches. This judicial withdrawal goes beyond the simple legal framework and illustrates a strategic repositioning, while the lines of Crypto regulation in the United States are in full recomposition under the Trump administration.

The end of a major legal confrontation

A few days after finalizing an agreement of $ 50 million with Ripple to close a dispute started since 2020, the SEC continues on its momentum by lightening pressure on giants in the sector.

Thursday, May 29, 2025, she officially deposited a request With the court to put an end to his complaint against Binance, his founder Changpeng Zhao (CZ) and his American subsidiary Binance.us.

This civil procedure, started in June 2023, accused the company of having violated several fundamental securities laws. At the time, Gary Gensler, then president of the dry, affirmed ::

Binance had tried to escape the laws on American securities by setting up facade controls, ignored behind the scenes.

Among the most important elements of the file was an internal exchange, quoted in the complaint, where the COO of the platform declared: “We operate as a fucking stock exchange without license in the United States, my brother”.

The accusations of the SEC articulated around several major grievances:

• The sale of unregistered securities: the platform would have allowed the negotiation of cryptos considered as securities without prior registration;

• Unauthorized access to American customers to the platform, bypassing the geographic restrictions supposed to be in place;

• The mixture of funds: a mixture of customers' funds and those of the company, presented by the dry as a “Double canvas” which aims to hide the real financial flows;

• Compromising internal declarations: used by the regulator to illustrate the presumed consciousness of leaders regarding the potential illegality of their operations.

If the platform had already had to face a heavy criminal sanction at the end of 2023, including the payment of $ 4.3 billion in the Department of Justice and the resignation of CZ, the civil procedure initiated by the SEC still represented a major legal and reputation risk.

Its fence without trial marks a notable de-escalation, and a turnaround in the American regulatory strategy vis-à-vis the sector.

The dry changes your under Trump: towards an assumed de -escalation?

The SEC decision comes in a completely reconfigured political context. Since the return to power of Donald Trump, the regulatory authority seems to adopt a more conciliatory posture vis-à-vis crypto actors.

Several very publicized procedures have been abandoned, which illustrated a step marked with the so -called strategy of “Regulation by application”. Recognition that innovation cannot prosper under a regulation by intimidation is a crucial step.

For his part, Binance.us welcomed the decision: “SEC has fully abandoned its expenses against Binance.us, confirming what we have always known, that the company has not violated any laws on securities in the United States”.

This evolution seems directly correlated to the guidelines of the current administration. Donald Trump explicitly campaigned in favor of the development of cryptos and benefits from the active support of several major figures in the sector.

This strategic perignation of the SEC could therefore translate a political will to make the United States a jurisdiction more favorable to the blockchain innovation, at the time when other regions take up the ascendancy in a clear and attractive regulatory framework as the mica framework in Europe.