The cryptocurrency market saw significant regulatory developments this week as the SEC and Binance jointly moved to dismiss their high-profile case on May 29, likely concluding after the SEC's final closed meeting of 2025. While this resolution failed to provide momentum for Binance Coin (BNB), which declined 2.89% by week's end, the implications were particularly notable for XRP. The SEC's continued silence regarding the Ripple case following the meeting disappointed market participants who had anticipated potential progress toward settlement terms.
Key unresolved issues include the SEC's injunction against XRP institutional sales and the contested $125 million penalty against Ripple. The regulatory uncertainty contributed to XRP underperforming the broader market, closing down 2.08% amid heavier selling pressure. Analysts suggest this reflects growing trader caution as the prolonged legal overhang continues to weigh on XRP's adoption prospects and market valuation. The lack of clarity from regulators underscores the ongoing challenges facing digital assets in navigating the U.S. regulatory landscape.
