The United States Securities and Exchange Commission (SEC) has dropped the lawsuit against **Binance**, **Binance U.S.**, and cofounder **Changpeng Zhao (CZ)** on May 29, 2025. The dismissal was finalized via a joint stipulation signed by lawyers from both sides. CZ confirmed the end of the two-year legal battle. The U.S. SEC accused Binance of enabling the trading of unregistered crypto tokens like **Solana (SOL)**, **Filecoin (FIL)**, and **Cardano (ADA)**.
Earlier this year, Binance and the SEC agreed to a 60-day pause on the lawsuit. With the appointment of the new SEC Chair **Paul Atkins**, the agency has proceeded to dismiss multiple crypto cases initiated by its predecessors.
The dismissal of the Binance lawsuit marks a significant win for the broader crypto market, which faced severe scrutiny in the past. U.S. Vice President **JD Vance** reiterated the Trump administration’s dedication to supporting the crypto industry and web3 space.
Following this development, the **BNB price** saw a slight recovery, reaching around $680. The BNB price has shown signs of a bullish continuation pattern, hinting at potential price discovery soon.
On the four-hour chart, BNB’s price has created an ascending triangle after testing a bullish breakout from an earlier falling trend. A sustained close above the $691 resistance level could spark a rally above $700 in the upcoming weeks.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
