Binance has exited the U.S. market, agreeing to a $4.3 billion penalty following a criminal investigation into anti-money laundering and sanctions violations. CEO Changpeng Zhao stepped down and served a four-month prison sentence as part of the settlement, which also includes ongoing legal challenges from the SEC. Binance.US has restored full USD services after 19 months of operating as a crypto-only platform, a shift welcomed by Interim CEO Norman Reed, who cited the impact of aggressive SEC tactics on their banking relationships.
about Binance US Restores USD Services After Legal Challenges and SEC Scrutiny