The U.S. Securities and Exchange Commission (SEC) has moved to fully dismiss its two-year-long lawsuit against Binance. Court filings reveal that both parties have agreed to a dismissal “with prejudice,” meaning the case cannot be reopened, bringing a dramatic end to one of the most closely watched regulatory battles in the crypto space.
Binance Celebrates Legal Victory, Credits Trump Administration
The lawsuit’s dismissal follows a 60-day pause initiated in February, during which the SEC awaited the findings of its internal crypto task force. Reacting to the news, Binance CEO Richard Teng hailed the dismissal as a victory for justice, attributing it to the “courage” of President Donald Trump and SEC Chairman Paul Atkins in resisting regulatory overreach.
The tide has turned. The SEC’s case against us is dismissed – justice, finally.
— Richard Teng (@_RichardTeng) May 29, 2025
Huge credit to Chairman Atkins and the Trump administration for standing up to regulatory overreach. The U.S. is back in the arena, ready to lead the world in blockchain innovation.
“The tide has turned. The SEC’s case against us is dismissed – justice, finally,” Teng posted on social media. Binance.US, the exchange’s American subsidiary, echoed the sentiment, asserting the decision validated its compliance with U.S. securities laws. The exchange promptly reinstated USD deposits, which had been suspended during the legal proceedings.
USD SERVICES ARE LIVE 🟢
— Binance.US 🇺🇸 (@BinanceUS) May 29, 2025
Effective immediately, ALL customers can now deposit USD and buy crypto using bank transfer (ACH).
Case closed: https://t.co/AZwoBOgsqS is officially back! pic.twitter.com/DQBtc8ewKC
Meanwhile, Binance founder Changpeng “CZ” Zhao mocked former SEC Chair Gary Gensler on X, posting a clown-faced edited image in apparent celebration of the regulatory relief.
BNB Shows Mild Accumulation Amid Cautious Market Sentiment
Despite the positive legal outcome, Binance Coin (BNB) showed only a muted market response. Trading volumes surged 10% to reach $2 billion in 24 hours, but technical indicators suggested caution among traders. Exchange netflows showed $4 million worth of BNB withdrawn—pointing to mild accumulation—but Open Interest (OI) in the futures market dipped from $858 million to $806 million in recent days, according to CoinGlass data.
BNB price action reflected a similar uncertainty. The token failed to sustain momentum near the $700 resistance and hovered near the $640 support level. Technical indicators like the Average True Range (ATR) have trended downward since mid-May, signaling weakening volatility and bullish momentum.
Market Outlook: Legal Clarity vs. Macro Headwinds
While the dismissal offers regulatory clarity and a much-needed morale boost for the broader crypto sector, short-term BNB price action may remain subdued. With macroeconomic uncertainties such as tariff developments looming, BNB bulls may need to wait for a stronger catalyst before reclaiming upward momentum. For now, the $640 support remains the key level to watch.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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