Binance and BNB have been affected by the SEC lawsuit, and it can easily be seen by looking at how considerably low BNB's price is compared to pre-lawsuit levels. Unfortunately, as supportive as I was of BNB in the past and trusted it by believing that it's a relatively safe investment, despite it being an exchange coin that others mentioned, I can no longer confidently claim the same. We can't do anything else but wait; the market is generally not in good shape, and the SEC lawsuit also played an important role in it. Hopefully, 2024 will be a better year.
You would think that lawsuit would affect it, but this legal fight could take years to come to any conclusion. So i don't think 2024 is the year we have any sort of resolution, or even progress on the lawsuit.
However we could have bullrun. As long as there's no withdrawal issues, or BUSD would go bust, i think BNB is doing just fine. I wouldn't count on bullrun, but i can't see any reason for it to radically dump either.
Supposedly, the SEC and Binance came to an agreement, and it pretty much ended there. However, BNB still remains at pretty low levels, even though the market has started to perform a little better. In my opinion, Binance is yet to resolve its issues, which are increasing at an alarming rate; even SEPA and card deposits stopped for the Euro on September 25th, another blow for the European market this time. This is causing uncertainty for the exchange, which is reflecting on BNB. Thus, it's pretty easy to claim that trust in Binance and BNB has been dented, which is probably why its price remains quite low and hasn't shown much improvement since the lawsuit occurred.