The regulator and the exchange’s co-founder Zhao Changpeng filed a joint motion on Thursday to stay the case in the US District Court for the District of Columbia. The move follows a joint request in February to pause the lawsuit for 60 days.
At the time, the SEC and Zhao said then-acting chairman Mark Uyeda’s formation of a special agency task force to set crypto regulatory policy warranted a pause. The task force’s work could affect the lawsuit’s resolution.
The latest filing calls for dismissing the case with prejudice, which means it cannot be refiled, and without costs or fees to any party.
Binance in a post on X called the dismissal a “huge win for crypto”. The firm thanked SEC chair Paul Atkins and US President Donald Trump “for pushing back against regulation by enforcement”.