Binance Holdings Limited; BAM Trading Services Inc.; BAM Management US Holdings Inc.; Changpeng Zhao

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26316 / May 29, 2025

Securities and Exchange Commission v. Binance Holdings Limited, et al., Case No. 1:23-cv-01599 (D.D.C. filed June 5, 2023)

SEC Announces Dismissal of Civil Enforcement Action Against Binance Entities and Founder Changpeng Zhao

The Securities and Exchange Commission today filed a joint stipulation with Defendants Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings Inc., and Changpeng Zhao to dismiss, with prejudice, the Commission’s ongoing civil enforcement action against them.

In the exercise of its discretion and as a policy matter, the Commission determined that the dismissal of this action is appropriate. Furthermore, as stated in the joint stipulation, “the Commission’s decision to seek dismissal of this Litigation does not necessarily reflect the Commission’s position on any other litigation or proceeding.”