🚨The SEC vs. Binance case took the spotlight on Thursday, May 29, influencing market sentiment toward Ripple and demand for XRP. A joint motion to dismiss was filed by both Binance and the SEC, likely following the SEC’s final closed-door meeting of 2025. Despite the development, Binance Coin ($BNB ) failed to gain traction, closing Friday, May 30, down 2.89%.
$XRP faced even steeper losses as the SEC remained silent regarding the Ripple case post-meeting. The lack of an update dampened expectations for a potential court filing seeking an indicative ruling on a settlement. Key settlement hopes include lifting the ban on XRP institutional sales and reducing the $125 million penalty.
