The U.S. Securities and Exchange Commission moved to dismiss its nearly two-year-old lawsuit against crypto exchange Binance on Thursday, marking another retreat in the agency’s aggressive enforcement stance against the industry.

Nigel Farage, leader of the Reform UK party, has pledged sweeping pro-crypto reforms, including the creation of a bitcoin reserve at the Bank of England, if his party wins the next general election.

Russia’s central bank is opening the door for qualified investors to access financial products tied to cryptocurrency prices.

Top stories in the Crypto Roundup today:

• SEC Drops Lawsuit Against Binance
• Nigel Farage Pledges Bitcoin Reserve at Bank of England
• Russia Clears Crypto-Linked Instruments for Qualified Investors

SEC Drops Lawsuit Against Binance

The U.S. Securities and Exchange Commission moved to dismiss its nearly two-year-old lawsuit against crypto exchange Binance on Thursday, marking another retreat in the agency’s aggressive enforcement stance against the industry.

The decision was filed jointly with Binance in federal court, with both parties requesting dismissal “with prejudice,” a legal move that prevents the SEC from reviving the case in the future. 

The agency did not offer an explanation for the withdrawal, only noting that it was acting as “a policy matter” while it develops a crypto regulatory framework.

Nigel Farage Pledges Bitcoin Reserve at Bank of England

Nigel Farage, leader of the Reform UK party, has pledged sweeping pro-crypto reforms, including the creation of a bitcoin reserve at the Bank of England, if his party wins the next general election.

Speaking Thursday at the Bitcoin 2025 conference in Las Vegas, Farage unveiled the proposed Crypto Assets and Digital Finance Bill, which aims to prevent banks from closing accounts based on crypto-related activity and to establish clear tax policies.

“We are going to launch, in Britain, a crypto revolution,” Farage said. “We’re going to make London one of the major trading centers of the world.”

The draft legislation would set a 10% capital gains tax on digital assets. Farage framed the rate as fair and conducive to compliance. He also used the stage to express firm opposition to a central bank digital currency, criticizing it as government overreach.

Russia Clears Crypto-Linked Instruments for Qualified Investors

Russia’s central bank is opening the door for qualified investors to access financial products tied to cryptocurrency prices.

In a statement, the Bank of Russia said financial institutions “may offer qualified investors financial derivatives, securities, and digital financial assets whose yields are linked to cryptocurrency prices.” 

While the bank remains wary of direct crypto investment, this move allows for limited market exposure through traditional instruments.

The change is part of a broader experiment the country has floated, a three-year pilot program allowing select investors to trade crypto under strict oversight. 

The Ministry of Finance has also floated plans to launch a dedicated crypto exchange for highly qualified investors, though no timeline has been confirmed.

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