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.
This is to be expected, it can take a lifetime to create a good reputation and a few seconds to destroy it, Binance had being doing everything right, but as soon as a shade of doubt was thrown to it no one could really afford to ignore it, after all it is not as if a lot of time has passed since the collapse of the FTX exchange and people are still traumatized by such event, so I think binance is still going to suffer from that blow that it received, but as long as they keep doing things right then the price of BNB will eventually recover.