The SEC Vs Binance case took center stage on Thursday, May 29, impacting sentiment toward the Ripple case & XRP demand.
Binance & the SEC filed a joint motion, seeking to dismiss the case, likely after the SEC’s final closed meeting of 2025.
The announcement failed to boost demand for binance coin (BNB), which ended the session on Friday, May 30, down 2.89%.
However, XRP came under heavier selling pressure as the SEC remained silent on the Ripple case after the closed meeting. The agency’s silence dashed hopes of a second court filing requesting an indicative ruling on settlement terms in the Ripple case. Settlement terms include lifting the injunction prohibiting XRP sales to institutional investors and lowering the $125 million penalty.#Write2Earn