Binance Secures Major Legal Victory as SEC Dismisses Lawsuit ’With Prejudice’
In a landmark development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) abruptly terminated its high-profile lawsuit against Binance and Binance.US on May 29, 2025. The dismissal, filed ’with prejudice,’ permanently bars the SEC from refiling the case, marking a significant victory for the world’s largest crypto exchange. This unexpected resolution, achieved through a joint motion citing regulatory discretion, has been hailed by Binance leadership as a political triumph. CEO Richard Teng praised the outcome, which could have far-reaching implications for BNB’s price and the broader regulatory landscape for digital assets. The decision represents a watershed moment in crypto enforcement and may set a precedent for how regulators approach similar cases in the future.
SEC Dismisses Binance Lawsuit ’With Prejudice’—BNB Price Implications
The U.S. Securities and Exchange Commission abruptly terminated its high-profile case against Binance and Binance.US on May 29, 2025, filing a joint dismissal ’with prejudice’ that permanently bars refiling. The surprise resolution came through a motion citing regulatory discretion, marking a watershed for crypto enforcement.
Binance leadership framed the outcome as a political victory. CEO Richard Teng praised SEC Chair Paul Atkins and the TRUMP administration for curbing what he called ’regulation by enforcement,’ declaring the U.S. ready to reclaim blockchain leadership. The exchange’s native BNB token saw volatile trading following the news.
Legal observers note the dismissal avoids precedent-setting litigation over whether Binance’s offerings constituted unregistered securities. The decision allows Binance.US to redirect resources toward business recovery, though regulatory scrutiny persists across other jurisdictions.
BNB Price Targets $2K Amid DeFi Dominance and ETF Momentum
BNB has surged past a critical resistance level at $600-$650, a zone that capped its price action for over two years. Analyst Crypto Patel notes this breakout signals a potential trend reversal, with short-term targets at $1,522 and a cycle high of $3,975 if bullish momentum holds. The rally mirrors historical accumulation patterns followed by explosive price expansions.
Fibonacci extensions suggest key resistance levels at $1,000, $1,522, and $2,000. These projections gain credibility as BNB Chain dominates decentralized trading volume, recording $13.31 billion in DEX transactions on May 26—the highest among competing networks.
