Binance.US eyes deeper banking ties and charter options after SEC lawsuit withdrawal

Binance.US, the American subsidiary of the global crypto exchange, is pursuing expansion opportunities after the U.S. Securities and Exchange Commission (SEC) dropped its 2023 lawsuit against the platform, according to co-founder Changpeng “CZ” Zhao. Zhao, who remains the largest shareholder but is not involved in daily operations, suggested that a potentially more accommodating regulatory environment could lead Binance.US to pursue options like enhanced banking partnerships or obtaining a financial charter, though execution depends on management decisions. The SEC had filed 13 charges against Binance entities and CZ in June 2023, which were formally dismissed with prejudice last May. This lawsuit had previously forced Binance.US to suspend dollar deposits and withdrawals for about 18 months, severely damaging its market standing. Separately, Binance settled AML violations for $4.3 billion in late 2023, and CZ, after serving a four-month sentence and receiving a presidential pardon in October 2025, confirmed he has no intention of returning to an executive role.

(Source：Crypto Briefing)