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Binance's Regulatory Gauntlet: A Harbinger for Crypto Exchanges?

Binance's withdrawal from the Dutch market, its ongoing investigation by French prosecutors, and a burdensome agreement with the U.S. Securities and Exchange Commission (SEC) are not isolated incidents but rather indicative of a broader regulatory gauntlet that crypto exchanges must navigate.

In a landmark development, Binance, the world's largest cryptocurrency exchange, and its U.S. counterpart, Binance.US, have struck an agreement with the U.S. Securities and Exchange Commission (SEC) to ensure that U.S. customer assets remain within the country until a sweeping lawsuit filed by the regulatory agency is resolved.

This agreement, which still requires the approval of the federal judge overseeing the litigation, is a significant milestone in the ongoing saga of regulatory challenges facing the crypto industry.

The SEC's Stranglehold

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