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Binance Considers Severing U.S. Ties in Face of Crypto Crackdown: Bloomberg

Binance Holdings, the world’s largest crypto exchange, is considering severing its ties with U.S. business partners as various government agencies and regulators continue to investigate the company, according to a report from Bloomberg, citing a personal familiar with the issue.

The move comes amid a crackdown on Binance-branded stablecoin Binance BUSD, which is issued by Paxos, and scrutiny of Binance’s transactions with crypto bank Signature Bank.

In addition, Binance has been investigated by the Securities and Exchange Commission, Commodity Futures Trading Commission, Justice Department and the Internal Revenue Service.

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