Binance US successfully appealed the suspension of its money-services business license in Florida. The Florida First District Court of Appeal ruled the state's suspension order lacked sufficient legal justification. The suspension followed CEO Changpeng Zhao's guilty plea to federal charges. The court highlighted the significant financial risk to over 170,000 Florida account holders if the suspension continued. Binance US can now resume operations in Florida but has temporarily paused new user onboarding.
