SEC Steps Back: Binance.US Responds with Full Access to USD

Binance.US makes a strong comeback as the SEC drops the lawsuit, restoring access to cryptocurrencies in the U.S. by reinstating USD services, boosting user activity, and shifting the legal landscape in favor of cryptocurrencies. SEC Marks Binance.US's Victory in the Battle Against Regulatory Overreach The cryptocurrency exchange Binance.US confirmed on May 29 that the U.S. Securities and Exchange Commission (SEC) dismissed its lawsuit outright, closing a protracted legal battle. The company described the results as a total vindication of its operations, claiming that the rejection reinforces the belief that it has never violated U.S. securities laws. The leadership at Binance.US has sharply criticized the SEC's previous approach, arguing that the case reflects a lack of clarity in enforcement, which has ultimately harmed both innovation and consumers in the U.S. cryptocurrency market. Right after updating the legal framework, the company shared a message on social media platform X to emphasize its return to operations: USD service is now live. Effective immediately, ALL customers can send USD and purchase cryptocurrency via bank transfer (ACH). Case closed: Binance.US is officially back! This announcement marks the completion of the phased reintroduction of banking features for U.S. users, an important milestone that allows for seamless money transfers and cryptocurrency purchases via ACH transfers with no fees. Binance.US notes that customer activity surged immediately after the USD service returned, a sign that trust and engagement are quickly being restored. The cryptocurrency exchange has noted that U.S. courts have opposed what they call regulatory overreach, while praising the new SEC Chairman Paul Atkins for moving towards balanced oversight. This platform currently supports over 170 types of cryptocurrencies, with staking rewards offered on more than 20 assets. Binance.US also emphasizes its role in shaping policy through compliance initiatives and regulatory engagement. The SEC's decision comes amid larger regulatory changes, including Gary Gensler's departure from the agency. Several lawsuits against cryptocurrency companies have been dismissed, which supporters interpret as a long-overdue roadmap adjustment. Binance.US, a separate legal entity from the global Binance platform, was launched in 2019 to comply with U.S. regulations. The initial lawsuit filed by the SEC in June 2023 also targeted Binance and its founder, Changpeng Zhao (CZ), who later resigned and pleaded guilty to separate charges brought by the U.S. Department of Justice. After those chapters closed, Binance and Binance.US have now returned to growth amid a changing regulatory environment.