Binance: "A new chapter begins as SEC lawsuit is withdrawn... The future of the industry is bright"

The U.S. Securities and Exchange Commission (SEC) has officially withdrawn its lawsuit against the global digital asset (cryptocurrency) exchange Binance. On the 30th (local time), Binance issued an official statement saying, "One chapter has ended and a new phase has begun," and welcomed the decision, calling it "a strong signal that the U.S. is once again serious about innovation."

Binance stated, "Until now, the U.S. has consistently caused uncertainty in the global digital asset industry through enforcement-driven regulation without clear legislation," adding, "However, with the withdrawal of this lawsuit and the advancement of bipartisan crypto legislation discussions, the direction of regulation is now shifting toward clarity." They continued, "The era of arbitrary crackdowns has ended, and now is the time for rules that support responsible innovation."

They also assessed that this decision would be a meaningful turning point not only for their company but for the entire global digital asset industry. Binance emphasized, "We do not provide services to U.S. users, but as a global standard, we have respected and aligned with U.S. regulations," and stated, "The fact that the SEC withdrew its lawsuit without admitting any charges means that the global compliance system we have built has been recognized."

Furthermore, they said, "This decision can serve as a turning point not just for fairness toward companies, but toward a more transparent regulatory structure," and clarified, "The withdrawal of this lawsuit does not mean our work is done; we will continue to prioritize user protection and cooperation with global regulators, and uphold responsible innovation." They added, "With this decision, the future of the digital asset industry in the U.S. and around the world will become even brighter."