Binance Responds To SEC

Binance released a brief statement acknowledging the dismissal and reaffirming its commitment to working with regulators globally.

“We welcome the SEC’s decision as a step toward constructive engagement,” the statement read. “We remain focused on ensuring full compliance with all applicable regulations and continuing our efforts to bring clarity and innovation to the crypto ecosystem.”

Binance also confirmed that it continues to cooperate with other ongoing investigations by U.S. authorities, including those led by the Department of Justice and Commodity Futures Trading Commission (CFTC).

Industry Reaction

The news was met with optimism across the crypto sector, where many saw the lawsuit as emblematic of broader tensions between regulators and the blockchain industry.

“This dismissal shows that the SEC can be responsive to dialogue and reason,” said [Industry Executive], CEO of [Crypto Company]. “It’s time for a more balanced approach—one that protects consumers while allowing innovation to thrive.”

Still, some consumer advocates and lawmakers expressed concern that the dismissal signals a lack of resolve in holding major crypto platforms accountable.