# SEC v. Binance

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The U.S. Securities and Exchange Commission sued [Binance](https://cz.wiki/wiki/binance), its U.S. affiliate and [Changpeng Zhao](https://cz.wiki/wiki/changpeng-zhao) on 5 June 2023. [1] In May 2025 the SEC withdrew the case; Reuters reported the dismissal on 29 May 2025 and the SEC published Litigation Release No. 26316. [3][2] It has been reported that the dismissal was with prejudice. [3][2]

For other regulatory and civil matters see [Legal affairs of Changpeng Zhao](https://cz.wiki/wiki/legal-affairs). 

## Key facts

- **Filed:** 2023-06-05 [1]
- **Parties:** U.S. Securities and Exchange Commission v. Binance Holdings Limited, BAM Trading and [Changpeng Zhao](https://cz.wiki/wiki/changpeng-zhao) (as named in SEC Litigation Release No. 26316) [2]
- **Outcome:** Dismissed at the SEC's request, May 2025 (reported as with prejudice) [3][2]

## References

1. Changpeng Zhao — Wikipedia (English), (accessed 2026-10-27). <https://en.wikipedia.org/wiki/Changpeng_Zhao> (secondary compilation; where it cites primary sources we try to go back to them)
2. SEC Litigation Release No. 26316 — Binance Holdings Limited; BAM Trading; Changpeng Zhao — U.S. Securities and Exchange Commission (SEC), 2025-05 (exact date per the original). <https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26316> (official primary source)
3. US SEC voluntarily dismisses lawsuit against Binance — Reuters, 2025-05-29. <https://www.reuters.com/sustainability/boards-policy-regulation/us-sec-voluntarily-dismisses-lawsuit-against-binance-2025-05-29/>
