SEC vs. Ripple: Binance Case Dismissal Weighs on XRP

#XRP 🔥🔥 $XRP

XRPUSDT

Perp: 2.1386

Change: -3.13%

The ongoing legal battle between the SEC and Binance took the spotlight on Thursday, May 29, influencing market sentiment around the Ripple case and demand for XRP.

Binance and the SEC jointly filed a motion to dismiss the case, likely following the SEC’s final closed meeting of 2025. Despite the news, Binance Coin (BNB) failed to gain traction, closing Friday, May 30, with a 2.89% loss.

XRP faced steeper losses as the SEC remained silent on the Ripple lawsuit after the closed meeting. The lack of updates crushed investor hopes for a second court filing that might outline potential settlement terms. These terms could include lifting the ban on institutional XRP sales and reducing the $125 million penalty.