Binance US Was Destroyed With NO DUE PROCESS | Warning Biggest BITCOIN BEAR Trap Of The Year

Binance.US is not closing. However, it has been facing regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC) and other regulators. In June 2023, the SEC filed a lawsuit against Binance, alleging that the company had operated an unregistered securities exchange. The SEC also moved to freeze Binance's assets in the United States.

In response, Binance.US halted all USD trading and deposits, and said it was working to become compliant with U.S. regulations. In July 2023, Binance.US reached a deal with the SEC, which allows the company to continue operating in the United States while it battles the lawsuit.

However, the SEC's lawsuit remains a major overhang for Binance.US. The company has also been facing other regulatory challenges, such as a probe by the Commodity Futures Trading Commission (CFTC). It is unclear how these challenges will ultimately play out, but they could make it difficult for Binance.US to operate in the United States.

In the meantime, Binance.US is still operating and offering its services to U.S. customers. However, it is possible that the company may eventually choose to close its U.S. operations if it is unable to resolve its regulatory challenges.

Here are some of the specific issues that Binance.US is facing:

The SEC lawsuit alleges that Binance operated an unregistered securities exchange. This means that the company was not registered with the SEC and was not subject to the same regulations as other securities exchanges.
The SEC also alleges that Binance engaged in market manipulation and other illegal activities.
The CFTC is investigating Binance for possible violations of commodities trading laws.
Binance has also been criticized for its lack of transparency and its poor record of customer protection.
These challenges could make it difficult for Binance.US to continue operating in the United States. The company may eventually choose to close its U.S. operations if it is unable to resolve these issues.

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