• Reports emerged that Binance Global intends to end partnerships with US-based firms and delist tokens linked to US-based projects.
• Binance’s CEO, Changpeng Zhao (CZ), has refuted the claims terming them as false.
• It is speculated that Commodity Futures Trading Commission, Internal Revenue Service, Securities and Exchange Commission, Justice Department, and the Internal Revenue Service are targeting Binance.
Reports of US Delisting
Reports emerged that Binance Global intends to end partnerships with U.S.-based firms such as banks and terminate listing tokens linked to U.S.-based projects as regulators cast the net deeper.
CZ Denies Bloomberg Report
Binance’s CEO has refuted the claims in a quick rejoinder to the news from Bloomberg terming them as „false“.
Increased Regulatory Pressure
If the claims by the undisclosed individual are true, Binance Holdings will follow the scripts of other companies that are escaping stiff market regulations since the fall of FTX. In December, Nexo Inc declared intentions of removing its products from the U.S. market following orders of resistance and desist from many states. The aggressiveness of the U.S. authorities will continue to claim more causality as the intensity increases.
Binance Holders Contemplate Repealing Relationships
The shake-up in Binance Holders contemplate repealing relationships with major financial partners in the U.S. to cool down pressure from deep inspection from authorities. An insider noted that Commodity Futures Trading Commission, Internal Revenue Service, Securities and Exchange Commission, Justice Department, and the Internal Revenue Service are on Binance’s radar; „The company is looking for possible ways of ending ties with US-based firms, especially banking and service entities…Delisting of tokens such as USD Coin is on table,“ acknowledged an unnamed source close to Binance Holdings .
Unauthorized Services To US Customers
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