The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange, extending the regulator's new approach to cryptocurrencies since President Donald Trump reentered the White House.

The U.S. Securities and Exchange Commission moved to drop its long-running lawsuit against crypto exchange Binance on Thursday, without providing an explanation in a court filing.

The lawsuit, launched in 2023, was one of the SEC’s last ongoing crypto enforcements. Two years after legal proceedings began, the SEC has formally dropped its lawsuit against Binance, the world’s largest crypto exchange. It was one of the US government’s final ongoing actions against crypto companies.