The post SEC vs. Binance Lawsuit Ends ‘With Prejudice’—What Next for BNB Price? ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     In a surprising turn, the U.S. Securities and Exchange Commission (SEC) on May 29, 2025 formally withdrew its civil lawsuit against Binance and Binance.US “with prejudice,” meaning the case cannot be refiled. The parties filed a joint motion in federal court requesting the dismissal, calling the move appropriate “in the exercise of [the SEC’s] discretion and as a policy matter”. In response, a Binance spokesperson hailed the outcome as “a landmark moment,” thanking SEC Chair Paul Atkins and the “Trump administration” for stepping in to prevent what it called “regulation by enforcement”. Binance’s new CEO, Richard Teng, celebrated on social media. On X (formerly Twitter), Teng wrote that “the tide has turned. The SEC’s case against us is dismissed—justice, finally.” He credited Chairman Atkins and the Trump administration with resisting regulatory overreach, saying, “The U.S. is back in the arena, ready to lead the world in blockchain innovation.” Advertisement   Source: Richard Teng X Binance.US likewise welcomed the decision. In a statement, a Binance.US spokesperson said they were “pleased” the SEC had fully dismissed the charges, affirming it has always known the company “did not violate U.S. securities laws.” The statement added that resolving the matter is “a major milestone” that will allow Binance.US to refocus on growing its business and rebuilding impacted relationships. Market Reaction: BNB Price Analysis Despite the bullish headlines, BNB’s price has shown only a modest reaction. Crypto market data indicate BNB traded around $687 on May 29 (the day of the filing) and slipped to about $654.80 by May 30. That’s roughly a 3% drop on May 30 from the prior close. Trading volumes actually picked up: BNB’s 24-hour volume at roughly 24.7 million (BNB tokens) on May 30, up from about 21.7M on May 29. In other words, the news drew more activity, but the…
