As the SEC Binance case winds down, did the Binance claim already do the damage?

How did the decision by SEC Binance to close the Binance lawsuit coincide with Binance losing over 30% of its international trading volume between 2023 and April 2025? The SEC vs Binance battle fades as the SEC suit against Binance gets quietly buried. After almost two years of courtroom stress, regulatory examination, and public dispute, the U.S. Securities and Exchange Commission has officially withdrawn its civil claim against Binance and its founder, Changpeng ‘CZ’ Zhao. The 2023 Binance lawsuit became the most aggressive move in the SEC versus Binance program. The origins of the SEC’s case against Binance date back to June 2023, during a period when U.S. regulators had begun pursuing crypto enforcement more aggressively.

The SEC Binance suit is gone— the stress isn’t. Binance’s place in the U.S. crypto market has long been defined by limits and workarounds. Binance rebounded in 2023 by acquiring a licensed local exchange and launching Binance Japan under regulatory approval.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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