TLDR:
- SEC ends Binance case, easing pressure on crypto markets and investor sentiment.
- BNB price targets $713 as bullish momentum grows post-lawsuit dismissal.
- Fear & Greed Index at 60 suggests rising market confidence for BNB holders.
- Binance credits Trump-era SEC leadership for ending the enforcement-first approach.
The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Binance. This case, filed in June 2023, accused the exchange of inflating volumes and mishandling customer funds. The dismissal marks a pivotal moment for the crypto sector as regulatory tone shifts under the current administration.
Binance welcomed the outcome, calling it a win for innovation and regulatory clarity in the U.S. The decision could significantly influence investor sentiment toward Binance Coin (BNB) and broader crypto trading activity.
Binance Applauds Policy Shift as Case Closes
The announcement arrived on May 30, 2025, ending a legal standoff that shadowed Binance for nearly two years.
According to Binance’s official communication, the company expressed gratitude toward SEC Chairman Paul Atkins and the Trump administration. They credited the dismissal to efforts that pushed back against what they described as “regulation by enforcement.”
Huge win for crypto today. The SEC’s case against us is dismissed.
Thank you to Chairman Atkins & the Trump team for pushing back against regulation by enforcement. U.S. innovation is back on track – and it’s just the beginning.— Binance (@binance) May 29, 2025
This decision follows a similar move earlier this year when the SEC dropped charges against Coinbase. Analysts suggest these developments point to a broader shift toward structured crypto oversight rather than aggressive crackdowns. Industry participants are now eyeing how this momentum could shape future crypto regulations in the United States.
Following the news, BNB price projections have started to trend upward. As per CoinCodex data, BNB could climb by 6.42% to reach $713.87 by the end of June.
Sentiment indicators currently reflect a bullish outlook, with the Fear & Greed Index standing at 60, signaling market confidence.
Despite a minor price dip of 2.26% over the last 24 hours, analysts maintain that positive regulatory developments may drive renewed demand for BNB. Binance Coin has shown stability, recording 18 green days in the last 30, reinforcing investor optimism.
Technical Levels Show Bullish Setup for BNB
According to CoinGecko, BNB currently trades at $669.28 with a daily volume exceeding $1 billion. The token moved within the $655.37 to $692.33 range over the past week. Sustained buying pressure could breach the $692.33 resistance.
If bullish momentum persists, the next target remains the psychological $700 mark. In contrast, support near $655.37 could serve as a fallback level if sellers return to the market. Traders are now closely watching how the market absorbs the news in the coming sessions.
The dropped case boosts Binance’s efforts to restore public trust after years of legal scrutiny. Moreover, it signals a notable regulatory pivot that could benefit other exchanges and digital assets operating in the U.S. Binance’s public acknowledgment of the Trump administration’s support reflects growing alignment between policy direction and crypto innovation.
The SEC’s updated stance, under Atkins, favors a clearer, structured framework rather than enforcement-led measures. This outcome relieves Binance and may also signal a broader path forward for the crypto sector.
