Following the trial process that started in 2023, US Securities and Stock Exchange Commission (SEC) with Binance The legal conflict between him officially ended. With the deadline for the case, the case was reduced in a way that it was not possible to reopen. SEC and Binance lawyers’ application together, the previous 60 -day period came after. Thus, one of the longest -running cases in the crypto currency sector was closed.
SEC, Binance and founder in the case he filed in 2023 Changpeng ZhaoIn the United States, illegally accused of operating stock market and misleading investors. In addition, unregistered securities and non -transparent trade activities were included in the file. The allegations have seriously put Binance’s position and activities in the US market seriously. During the process, the company continued to focus on non -US activities.
The decision to withdraw from the case is evaluated with the change in the general legal atmosphere in the crypto currency market. SEC’s investigations for large platforms such as Coinbase and Robinhood have also ended this year. Especially in recent months, there has been a stretching in the approach of the crypto of federal institutions. This tendency has become an element that directly affects the direction of judicial processes.
Binance’s case process with SEC ended in a way that would not be reopened
Binance said in a statement about the case process, the decision is the result of an approach that does not prevent innovation. In his assessment of the company’s Reuters, the cooperation shown during the process was emphasized. However, the statement, Paul Atkins and former US administration were also commemorated. Binance argued that the understanding of “regulation through practice” is not sustainable.
On the other hand, at the end of Binance’s 2023 USA Ministry of Justice (Doj) Within the scope of the agreement reached, it is also known that it has signed a compromise of $ 4.3 billion. This compromise closed most of the company’s legal obligations in the United States. In the same period, Changpeng Zhao admitted that he had violated laws on money laundering. Following this confession, Zhao was sentenced to four months in prison by paying $ 50 million personal penalties.
The closure of the Binance case stands out as a decisive development in terms of legal orientation in the sector, although it is not directly related to crypto money markets. The role of political impacts in the decision -making processes of the institutions has become more visible with recent practices. Especially in the US, the regulation of crypto assets has been shaped according to different management approach in the last two years. This variable structure creates an environment where uncertainty continues for market players.
SEC’s backflowing step against Binance has turned into a decision that could affect not only this company, but also all global crypto players. The closure of the legal process has the potential to establish a precedent for other companies. However, the long -term effects of this situation may vary depending on how the US defines the crypto market. For this reason, the sector follows the developments in a cautious way.
These steps taken on the legal ground can lead to re -evaluating their positions not only by federal institutions, but also local regulatory authorities. Whether Binance is re -entering the US market in the future will depend on both internal regulations and the form of the political environment. Although such legal conclusions provide a certain relief for companies, it does not mean that regulation discussions are completely eliminated.
Crypto money companies need to consider such developments not only in terms of their own position, but also in connection with global markets. The influence of legal regulations in the US is not limited to the local market. For this reason, the closure of Binance’s case is closely monitored by other players of the sector. Especially regulatory organizations in Europe and Asia shape their own policies by following similar developments.