SEC Dismisses Binance Lawsuit, BNB Stays Subdued
Key Takeaways
- The U.S. Securities and Exchange Commission (SEC) has fully withdrawn its lawsuit against Binance.
- The lawsuit was dismissed “with prejudice” – meaning it cannot be refiled.
- BNB showed little reaction to the news, as macroeconomic factors continue to weigh on the market.
- The BNB price remains under pressure, despite slight signs of accumulation.
SEC Withdraws Lawsuit Against Binance
After two years of intense legal proceedings, the U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against the crypto exchange Binance. The parties agreed to a complete dismissal of the case “with prejudice,” meaning the allegations cannot be brought before a court again.
This marks a major turning point for Binance, which had been under regulatory scrutiny since 2023. The U.S. branch of the exchange welcomed the decision as confirmation that it had not violated U.S. securities laws.
Political Support and Company Reactions
Binance CEO Richard Teng publicly praised the roles of President Donald Trump and SEC Chairman Paul Atkins. He called it a “turning point” and emphasized that the decision was a victory against regulatory overreach. At the same time, Binance founder Changpeng Zhao (CZ) mocked former SEC Chair Gary Gensler with a satirical image on the platform X (formerly Twitter).
As part of the settlement, USD deposits on the Binance.US platform were re-enabled. These had been suspended during the ongoing proceedings.
BNB Shows Limited Market Reaction
Despite the positive news, the price reaction of Binance Coin (BNB) remained muted. Although trading volume rose by 10% within 24 hours to around USD 2 billion, the price failed to recover sustainably. The 12-hour chart shows only a mildly bullish trend.
According to data from CoinGlass, approximately USD 4 million worth of BNB was withdrawn from exchanges. This suggests moderate accumulation – investors are holding rather than selling. At the same time, open interest (OI), a measure of futures market engagement, fell from USD 858 million to USD 806 million over the past three days, indicating weak demand from speculative traders.
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Technical Analysis: Resistance at USD 700
BNB recently failed to break through resistance at USD 700 and risks falling back to the support level at USD 640. Volatility, as measured by the Average True Range (ATR), is decreasing – a sign of waning momentum. The upward movement since mid-May is losing strength.
Macroeconomic uncertainties, such as new tariffs or monetary policy developments, could add short-term pressure on the price. Without a clear catalyst, a sustainable recovery remains uncertain.
Our Assessment
The dismissal of the SEC lawsuit is an important milestone for Binance. The company can now operate with more freedom, especially in the U.S. For investors, this provides legal clarity – a factor that can build long-term confidence.
In the short term, however, BNB remains under pressure. The muted response to the news shows that the market is currently more influenced by external factors. Anyone considering investing in BNB should keep an eye on the technical outlook and macroeconomic developments.
Sources
- Court Listener
- CoinGlass
- TradingView
| Symbol | BNB |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | 655.97 |
| 24h % | 0.84 % |
| 7d % | -1.33 % |
| 30d % | 9.04 % |
| 60d % | 8.08 % |
| 1y % | 10.49 % |
| Market Cap | $95,661,396,679.00 |
| Max. Supply | 200,000,000.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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