The Latest Breaking News from Binance

In October, Sen. Cynthia Lummis and Rep. French Hill urged Attorney General Merrick Garland "to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism."

“The existing securities regime appropriately governs crypto asset securities,” SEC Chair Gary Gensler said in a letter supporting the rejection.

An entire industry shouldn't be condemned because of a few bad actors.

The historic deal with U.S. authorities did not include a settlement with the SEC, which means the regulator can still pursue whatever legal action it plans against the exchange, including moving forward with a lawsuit it filed against Binance and its then-CEO Changpeng Zhao in June.

The court filing comes a few days after a court sided with the U.S. Department of Justice and prohibited the crypto mogul from leaving the U.S. until his sentencing.

District Judge Richard Jones of the Western District of Washington sided with the Department of Justice on Thursday and decided not to allow Zhao to return to UAE until his sentencing.

Binance filed the application for an operating license with Abu Dhabi Global Market last November. The exchange withdrew it on Nov. 7.

The ruling means "CZ" can't go to the UAE prior to his hearing in Seattle in February.

The online brokerage had delisted Solana, Polygon, and Cardano in the U.S. in June after the SEC named them in its lawsuits against Binance and then Coinbase.