The SEC dropped its lawsuit against Binance.US, marking a major win for our customers, our business, and the digital asset industry.
Today, the U.S. Securities and Exchange Commission (SEC) has agreed to fully dismiss its case against Binance.US. By abandoning their enforcement case in its entirety, today’s outcome reaffirms what we have always believed: that Binance.US did not violate any U.S. securities laws. Furthermore, our business has always operated with integrity, transparency, and an unwavering commitment to customer protection. It is clearly evident that the facts, and now the law, are on our side.
Putting a close to a baseless case
From the outset, we maintained that the SEC’s claims were baseless, unjustified, and politically motivated. Instead of providing regulatory clarity to help American consumers safely access the benefits of digital assets, the SEC chose instead to wage an aggressive campaign of regulation by enforcement. This approach has created nothing but harm for American consumers and businesses alike.
There is a real and serious cost when a powerful regulatory agency like the SEC, which has a mandate to prevent fraud and ensure fair and orderly markets, instead chooses to bring unwarranted cases against companies that have not violated U.S. laws and regulations. This overreach has taken a significant toll on our business, forcing us to divert significant resources to defend against claims that never should have been brought.
However, with today’s victory and new leadership in place at the SEC, a meaningful shift is underway. We are grateful to the U.S. Courts for recognizing that the previous SEC regime’s actions were highly unusual, and for taking decisive action to give Binance.US the ability to survive. Additionally, we are pleased with the agency’s new direction under Chairman Atkins. His commitment to restoring the agency’s historic role of ensuring market integrity through fair and impartial enforcement is a welcome change. Similarly, a new chapter now begins for Binance.US.
Restoring confidence and momentum
With the case fully behind us, we can now focus our energy and resources into growing our business and strengthening our reputation as the best crypto platform for low fees and high rewards. Our momentum has never been stronger. Here’s a few reasons why we’re excited about what’s ahead.
USD services are back—for everyone
As of this month, the phased rollout of USD services is now complete. This means all customers can once again link a bank account to deposit and withdraw USD––quickly, securely, and with zero fees. This critical functionality allows users to seamlessly transfer funds and buy crypto using bank transfer (ACH). The response has been immediate and enthusiastic as we’re already seeing increased activity and inflows as customers return to our platform.
170+ cryptocurrencies and high staking rewards
We’re accelerating our listings to meet growing demand and offer more choice than ever. With 170+ cryptocurrencies now available and more being added regularly, Binance.US offers U.S. customers access to top cryptocurrencies and trending tokens alike. Beyond access, we’re committed to helping customers do more with their crypto, which is why we continue to be a top U.S. staking platform with some of the highest reward rates across 20+ supported staking assets.
Low trading fees and industry-leading value
Binance.US was the first, and remains the only major U.S. crypto platform to offer 0% fee Bitcoin trading on select pairs for all customers, with no trading volume requirements or paid subscriptions. We make 0% fee Bitcoin trading simple and accessible for everyone, from first-time users to seasoned traders.
What hasn’t changed (and never will)
For new and returning customers alike, we will continue to honor our customer promises. These are our non-negotiables, and serve as the bedrock of our business.
Security you can count on
We know how important peace of mind is when it comes to crypto. That’s why customer protection is our top priority. As a licensed and regulated U.S. crypto platform, we maintain full, 1:1 reserves for all customer assets, so funds are always safe, secure, and available. Moreover, all customer assets are securely stored in U.S.-based storage facilities, and we implement strict security controls and features to keep customer accounts and assets secure.
Being customer-centric at our core
We always strive to be the most customer-centric organization in crypto. This extends beyond just features and benefits, such as low fees, high rewards, and ease of use.
We also work hard behind-the-scenes to get the fundamentals right, by offering a world-class compliance program, helping prevent fraud by providing investigative assistance and training to law enforcement, and participating in key public policy and regulatory forums to help advance thoughtful, innovation-friendly crypto regulation in the U.S. We take on these initiatives not to check items off a box, but to uphold our responsibility to our customers, community, and industry.
Finally, when it comes to launching new products and services, we continually refine our roadmap with input from our customers and community. We encourage customers to follow us on X and other social platforms, and to continue sharing feedback to help ensure our platform meets and exceeds expectations.
Building for the future
Today’s victory signals an important shift for the crypto industry and all participants, and we’re incredibly excited about the future of Binance.US and crypto in the U.S. Moving forward, we will continue to do what we do best: building for our customers.
This means launching new products, expanding our services, and delivering best-in-class customer experiences. We’re committed to delivering the features and experiences that matter most, while upholding our core customer promises.
The road ahead is bright and we are just getting started—join us.
