Binance.US roars back as the SEC drops its lawsuit, reigniting U.S. crypto access with restored USD services, soaring user activity, and a regulatory tide turning in crypto’s favor.
SEC Defeat Marks Binance.US Victory in War Against Regulatory Overreach
Crypto exchange Binance.US confirmed on May 29 that the U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit in full, bringing a long legal battle to a definitive close. The company described the outcome as a sweeping vindication of its operations, stating the dismissal reinforces its belief that it never violated U.S. securities laws. Leadership at Binance.US sharply criticized the SEC’s previous approach, arguing that the case reflected a pattern of enforcement without clarity, which ultimately harmed both innovation and consumers in the U.S. crypto market.
Shortly after the legal update, the company shared a message on social media platform X to underscore its operational comeback:
USD services are live. Effective immediately, ALL customers can now deposit USD and buy crypto using bank transfer (ACH). Case closed: Binance.US is officially back!
The announcement marked the completion of a phased reintroduction of banking features for U.S. users, a major milestone that allows seamless deposits and crypto purchases via ACH transfers without fees. Binance.US noted that customer activity surged almost immediately following the return of USD services, a sign that trust and engagement are quickly being restored.
The crypto exchange credited the U.S. courts for pushing back against what it called regulatory overreach, while praising new SEC Chairman Paul Atkins for his shift toward balanced oversight. The platform now supports more than 170 cryptocurrencies, with staking rewards offered across 20+ assets. Binance.US also emphasized its role in shaping policy through regulatory engagement and compliance initiatives.
The SEC’s decision comes amid wider regulatory changes, including Gary Gensler’s departure from the agency. Several lawsuits against crypto firms have been dropped, which supporters interpret as an overdue course correction. Binance.US, a legally distinct entity from the global Binance platform, was launched in 2019 to comply with U.S. rules. The lawsuit originally filed by the SEC in June 2023 also targeted Binance and its founder, Changpeng Zhao (CZ), who later stepped down and pleaded guilty to separate charges brought by the U.S. Department of Justice. With those chapters closed, Binance and Binance.US now return to growth amid a changing regulatory climate.
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XRP Key in SEC Filing as Webus Builds Treasury Engine
XRP roars into the institutional spotlight as Webus unveils a $300 million digital asset framework, unlocking next-level treasury infrastructure with regulatory clarity and elite execution.
Webus Files With SEC to Establish XRP Treasury Engine
Webus International Ltd. (Nasdaq: WETO) disclosed key details of its Delegated Digital-Asset Management Agreement with Samara Alpha Management LLC through a Form 6-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 3. The SEC filing also includes the company’s announcements regarding its XRP treasury plan on May 29 and June 2.
The agreement, executed on May 28, grants Samara Alpha discretionary authority over a potential $300 million portfolio of digital assets, principally XRP, pending activation upon the transfer of assets to designated custody wallets. This filing marks a significant step in Webus’s strategic positioning around digital asset treasury infrastructure while affirming regulatory transparency. The company emphasized the institutional rigor of the partnership, stating:
This strategic framework … is designed to provide Webus with institutional-grade infrastructure and expertise for potential future digital asset treasury operations, specifically focused on XRP management.
Webus confirmed that no funds or assets have yet been transferred, and that Samara Alpha’s obligations begin only upon asset delivery. Critically, the agreement also limits exposure: “The aggregate value of the managed assets under this Agreement shall not exceed US$300,000,000 unless otherwise agreed in writing by both parties.”
Custody arrangements will be executed via multi-signature wallets, with Webus retaining key access and Samara Alpha lacking unilateral withdrawal authority. Fee terms include a 2% annual management fee, a 20% performance fee on net profits above a high-water mark, and an 80/20 staking reward split favoring Webus. The contract, governed by New York law, is set for a three-year term following activation and allows termination with cause or notice. By structuring this digital asset initiative through an SEC-registered investment adviser and codifying protections such as custody controls and risk-defined discretion, Webus signals its intention to cautiously enter the digital asset space without compromising institutional governance.
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