The U.S. Securities and Exchange Commission has dropped its lawsuit against Binance and founder Changpeng Zhao, marking the end of one of its major crypto enforcement actions. The SEC accused Binance of serving U.S. users illegally, inflating trading volumes, and mishandling customer funds. The case was dismissed with prejudice, preventing future claims. This move indicates a shift in SEC strategy from enforcement towards regulatory engagement, reflecting evolving attitudes toward cryptocurrency oversight.