SEC vs. Binance Claim Ends ‘With Bias’– What Next for BNB Cost?
In a surprising turn, the U.S. SEC officially withdrew its civil lawsuit versus Binance and Binance.US ‘with bias,’ indicating the case cannot be refiled.
In an unexpected turn, the U.S. Securities and Exchange Commission (SEC) on May 29, 2025 officially withdrew its civil lawsuit versus Binance and Binance.US ‘with bias,’ implying the case cannot be refiled. The parties filed a joint motion in federal court asking for the termination, calling the move proper ‘in the exercise of [the SEC’s] discretion and as a policy matter.’ In action, a Binance representative hailed the outcome as ‘a landmark moment,’ thanking SEC Chair Paul Atkins and the ‘Trump administration’ for acting to prevent what it called ‘policy by enforcement.’ Binance’s new CEO, Richard Teng, commemorated on social media. On X (previously Twitter), Teng wrote that ‘the tide has turned. The SEC’s case against us is dismissed– justice.’ He credited Chairman Atkins and the Trump administration with withstanding regulatory overreach, stating, ‘The U.S. is back in the arena, prepared to lead the world in blockchain innovation.’
Binance.US also welcomed the decision. In a statement, a Binance.US spokesperson said they were ‘delighted’ the SEC had fully dismissed the charges, verifying it has always understood the company ‘did not breach 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 affected relationships.
Market Reaction: BNB Cost Analysis
Despite the bullish headlines, BNB’s price has shown just a modest response. 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 approximately a 3% drop on May 30 from the previous close. Trading volumes actually picked up: BNB’s 24-hour volume at roughly 24.7 million (BNB tokens) on May 30, up from about 21.7 M on May 29. In summary, BNB’s charts show it continuing in the range it was in prior to the news. It quickly tested resistance near the mid-$670s (its recent highs) on May 29, then pulled back. As of this writing, BNB sits in the mid-$600s– around where it was a week earlier– suggesting the SEC news has largely been priced in.
Traders will be watching whether easing regulatory pressure spurs a sustained breakout, but at least in the first trading sessions after the announcement, the market response has been relatively restrained.
Comparison to Past Crypto Regulatory News
This response echoes similar cases. Historically, major regulatory announcements have often led to short shocks. When the SEC first sued Binance in June 2023, BNB’s price plummeted nearly 9% in one day. In June 2023, BNB traded around $282, up 1.6% from a day before, after the SEC lawsuit news saw it suffer its worst daily fall.
