BNB price is moving near $614 after a US federal court dismissed all anti-terrorism claims against Binance. The ruling removes a major legal overhang, but the price remains under technical pressure.
A federal judge in the Southern District of New York dismissed all claims filed under the Anti-Terrorism Act. The lawsuit, as we reported, involved 535 plaintiffs who cited 64 attacks between 2017 and 2024. The court found that the plaintiffs failed to prove that Binance assisted or conspired with terrorist groups.
Court Dismisses All ATA Claims Against Binance
The 62-page decision rejected every central allegation against Binance and founder Changpeng Zhao. The court stated that the plaintiffs failed to show direct participation or intent. It ruled that exchange access alone did not establish liability.
Eleanor Hughes, Binance General Counsel, said the dismissal represents a full rejection of the claims. She stated that the court rejected what she called a false narrative. The court allowed plaintiffs 60 days to file an amended complaint.
Binance stated that it remains confident no amended filing can fix the deficiencies identified. The company said it will continue to defend itself against litigation. It also confirmed ongoing engagement with regulators worldwide.
The lawsuit followed earlier regulatory scrutiny in the United States. In 2023, Binance agreed to a $4.3 billion settlement over sanctions and AML violations. That settlement remains separate from the ATA case.
Binance Responds to Senate Inquiry and Compliance Questions
Binance also responded to an inquiry from Senator Richard Blumenthal. The company disputed media claims and called certain allegations unsupported. It stated that users located in Iran are prohibited from using the platform.
Binance said it found no direct transactions with Iran-based entities. It added that it first learned of named entities through law enforcement inquiries. The exchange said it investigated and off boarded the accounts involved.
Changpeng Zhao posted that false news is temporary and truth takes time. Teresa Goody Guillén also confirmed that the court dismissed every claim. She stated that the plaintiffs failed to tie Binance or Zhao to financing attacks.
BNB Price Structure Remains Bearish Below Key Resistance
Despite the legal win, BNB remains in a short-term downtrend on the daily chart. Price previously broke down from the $880 to $900 region. The move erased several support levels in a short period.
BNB trades below the 20-day simple moving average near $621. The upper Bollinger Band sits near $653 and acts as resistance. The lower Bollinger Band near $588 offers short-term support.
Source: TradingView
The RSI reads around 41 and remains below the neutral 50 level. Selling pressure has slowed, but bullish momentum has not returned. Traders are now watching the $650 to $700 zone for a recovery attempt.
If BNB fails to hold $588, the price may retest $560. A deeper move toward $520 to $500 remains possible if weakness continues. However, a break above $650 could open a path toward $720 to $750.
Source: https://coinpaper.com/15256/bnb-price-prediction-as-judge-throws-out-anti-terrorism-lawsuit-against-binance
