Binance Wins SEC Lawsuit Dismissal BNB Price Remains Muted

The recent legal developments surrounding Binance have sparked discussions, highlighting both regulatory changes and market reactions affecting BNB. The U.S. Securities and Exchange Commission (SEC) has finally signaled to dismiss the two-year-long Binance exchange lawsuit. According to court documents, the agency and Binance sought full (‘with prejudice’) dismissal of the case, meaning it shouldn’t be filed again. The parties stipulated that this litigation be dismissed with prejudice as to the conduct alleged in the Amended Complaint, and without costs or fees to any party.

The update comes after a 60-day pause on the lawsuit in February as the parties waited for the outcome of the agency’s crypto task force. Reacting to the regulatory relief, Binance CEO Richard Teng credited President Donald Trump and SEC Chairman Paul Atkins. “The tide has turned. The SEC’s case against us is dismissed – justice, finally. Huge credit to Chairman Atkins and the Trump administration for standing up to regulatory overreach.” The exchange’s U.S. subsidiary welcomed the update, terming it a confirmation that they did not ‘violate U.S. securities laws.’ The exchange immediately restored USD deposits, which had been previously restricted during the lawsuit. For Binance founder CZ, he took a swipe at former SEC chair Gary Gensler, posting a clown-like edited image of the chair on his X account.

On the BNB markets, the overall bias appeared slightly bullish. However, the speculative interest, as denoted by Open Interest (OI), remained muted in the second half of May. A similar trend was observed on price charts. BNB price was rejected near $700 and was on the verge of dropping to $640. Since mid-May, the uptrend momentum has weakened. However, with tariff headlines returning, macro factors may derail bulls in the short term. If so, BNB may retrace to $640 short-term support until a strong catalyst emerges.

In summary, while the dismissal of the SEC lawsuit represents a significant win for Binance, the response from BNB has been muted. With market pressures and regulatory environments still volatile, stakeholders should monitor upcoming trends closely for potential shifts.