SEC vs. Ripple: Binance Dismissal Weighs on XRP
#xrp 🔥🔥 $XRP
XRPUSDT Perp: 2.153 (-1.98%)
On Thursday, May 29, the spotlight shifted to the SEC vs. Binance case, significantly influencing market sentiment surrounding the Ripple lawsuit and demand for XRP.
The SEC and Binance filed a joint motion to dismiss the case—likely following the SEC's final closed-door meeting of 2025. Despite the announcement, there was no positive impact on Binance Coin (BNB), which dropped 2.89% by the close of trading on Friday, May 30.
Meanwhile, XRP faced steeper losses, as the SEC's silence on the Ripple case disappointed investors. Market hopes for a second court filing that might request an indicative ruling on settlement terms were dashed. These expected settlement terms included lifting the ban on XRP sales to institutional investors and reducing the $125 million penalty.
