The SEC recently withdrew its civil lawsuit against Binance and Binance.US 'with prejudice,' marking a significant development in the case.
Binance and Binance.US celebrated the dismissal, attributing it to regulatory overreach and expressing readiness to lead in blockchain innovation.
Despite the positive news, BNB's price experienced only a modest reaction with a 3% drop on May 30, demonstrating muted market response.
Analysts suggest that while the SEC's withdrawal removed uncertainty, other factors will determine BNB's longer-term trend amidst evolving crypto market conditions.