The claim described an earlier position that has since changed.
The SEC charged Binance, two Binance.US entities and Binance's founder in June 2023 with violating US securities laws.
- Claim made by
- US Securities and Exchange Commission, regulator statement
- Published
- 5 June 2023
- Evidence score
- 89 How it was scored
- Last reviewed
- 25 October 2026
Why this label
The SEC filed SEC v. Binance Holdings Limited, No. 1:23-cv-01599, on 5 June 2023S3. On 29 May 2025 the SEC said it filed a joint stipulation with the defendants to dismiss the action with prejudice, as a policy matter in the exercise of its discretionS3. The SEC's complaint contained allegations that no court decided. The dismissal is not a finding that the allegations were false. It ends the case. A description of the case as live reflects the earlier position.
Current procedural position
Civil complaint filed in the US District Court for the District of Columbia on 5 June 2023, dismissed with prejudice by joint stipulation announced on 29 May 2025S3.
Record supporting the assessment
to dismiss, with prejudice
the Commission determined that the dismissal of this action is appropriate
Conflicting or limiting record
does not necessarily reflect the Commission’s position on any other litigation or proceeding
Evidence score: 89 of 100
The score grades how well the record establishes this assessment. It is not a score of Binance Holdings Limited. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 30 | 30 | The SEC was the plaintiff. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 19 | 20 | The release states the dismissal with prejudice. |
| CorroborationDo independent records support the same material point? | 7 | 15 | The court's order of dismissal was not read. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 14 | 15 | Dismissal with prejudice ends the case. |
| CurrencyHas the record been checked against later developments? | 9 | 10 | No later revival was found as of October 2026. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 10 | 10 | The litigation release is public. |
| Total | 89 | 100 |
Timeline
Related cases
- Securities and Exchange Commission v. Binance Holdings Limited, et al.US District Court for the District of Columbia. Civil. 1:23-cv-01599.Stage: Dismissed with prejudice
- Joint stipulation to dismiss with prejudiceS3
Revision history
- Assessment first published with label Outdated.
Have a record that changes this assessment? See corrections and responses.
Sources
- S3Tier A Litigation Release No. 26316, Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings Inc., Changpeng ZhaoUS Securities and Exchange Commission. Regulator press release. 29 May 2025.Supports the filing date, case number and dismissal with prejudice. It makes no finding on the allegations.
Other claims about Binance Holdings Limited
- Supported92The US Department of Justice said on 21 November 2023 that Binance pleaded guilty to anti-money laundering, unlicensed money transmitting and sanctions violations and agreed to pay over US$4 billion.Regulator statement, 21 November 20233 records citedMoney laundering
- Supported94Binance's founder Changpeng Zhao, who pleaded guilty in November 2023 and was sentenced to four months in prison, received a US presidential pardon in October 2025.Official report, 21 October 20253 records citedCorporate status
- Unresolved58Nigerian authorities charged Binance with tax offences and, with a detained executive, with money laundering in 2024.Press report, 24 October 20244 records citedMoney laundering