<ul><li>Binance Coin (BNB) reached a six-month low.</li><li>SEC lawsuit against Binance exerted bearish pressure on other major cryptocurrencies.</li></ul>The largest crypto exchange, Binance, native cryptocurrency BNB, witnessing a massive decline due to the <a href="https://thenewscrypto.com/sec-creates-regulatory-heat-on-binance-intensifying-crypto-battle/" rel="noopener noreferrer nofollow">ongoing legal battle</a> between the US Securities and Exchange Commission (SEC) and Binance.The lawsuit brought by the SEC against Binance has had a significant impact on the token BNB. And the crypto token price reached a six-month low of below $225. Also, the allegations made against the crypto exchange indicate its alleged engagement in unlawful activities—multiple violations of securities laws. In addition, Binance experiences significant whale activity and <a href="https://thenewscrypto.com/binances-ceo-speaks-out-cz-binance-clears-air-on-392m-outflow/" rel="noopener noreferrer nofollow">outflows from the exchange</a>.<h3 id="sec-lawsuit-weighs-heavy-on-binance">SEC Lawsuit Weighs Heavy on Binance</h3>The  <a href="https://thenewscrypto.com/binance-us-halts-usd-deposits-under-sec-pressure/" rel="noopener noreferrer nofollow">SEC lawsuit against Binance</a> has posed a major hurdle for Binance and had negative effects on BNB. Recently, the price of BNB has experienced a significant drop from its previous value of over $280 against the US dollar,  indicating a bearish trend in the market. Continue To Read <a href="https://thenewscrypto.com/bnb-price-dips-to-low-amidst-the-sec-legal-battle/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

BNB Price Dips to Low Amidst the SEC Legal Battle

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