BNB is bouncing as court prevents total BinanceUS asset freeze
of the court to grant the SEC the right to freeze the account of the trading platform's U.S. entity, as it initially intended to do. This verdict is considered the first major win for the exchange over the market regulator, and it is largely building sentiment in the community.
Binance Coin has remained a high flier on the market and has been able to sustain its position as fourth largest digital currency.The current growth of BNB has marked a promising turnaround for the digital currency following the SEC crackdown. With the coin slipping to its lowest level in months and recovering, it might be safe to say the bottom has finally set in, but the current market outlook can introduce an element of uncertainty even in the near term.
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