Binance's native blockchain token (BNB) experienced a dip in price after the SEC fiasco. The exchange is facing heavy pressure by the US government regulatory agency. If Binance wins a lawsuit against the SEC, BNB's price could go all the way to the moon in an instant. But if it loses, BNB could experience new lows until it goes below the "triple digits".
The problem here is that the SEC chairman Gary Gensler is targeting Binance because they rejected his proposal to become their advisor before he became the chairman and with the FTX fiasco they will be closely monitoring the activities by all the major exchanges and hence it is wise to wait till this situation is over before investing in any exchange tokens.
The decision is right but the problem arises not because of its refusal but this is due to the known FTX issue. It was the job of the SEC to regulate scam projects and illegal activities that these exchanges might be doing now and it should be stopped as this will create negativity in the crypto space. If Binance doesn't do anything wrong and they are transparent, they will end up with this issue too quickly but still, they need to cooperate with the SEC. But yes, money can influence you, and possibly in the coming days we just hear that they're okay.