What could happen to the BNB Token if the US Securities and Exchange Commission (SEC) Finds Binance Guilty?

So news broke out a couple of hours ago that Binance is being examined by the U.S. Securities and Exchange Commission (SEC) as to "whether Binance’s initial coin offering of its Binance coin (BNB) token in 2017 was an unregistered security offering that should have been registered with the regulatory agency."

There is also a report going around that the SEC is also probing the US division of Binance to ensure that it is appropriately differentiated from the global Binance body.

Although some individuals could tag this whole enquiry and probe as a mere witch hunt due to the fact that compared to networks like Cardano, zetrix, tron, and even Solana, BNBchain holds the binance Exchange which is accredited as the largest crypto exchange in the world.

Whichever direction it swings though, I'm certain these are pretty huge inquiries, and its outcome either Positive or Negative would affect the price value of BNB Token which is currently down by 4% since this news went public.