BINANCE SLAMS US CRYPTO CRACKDOWN AND MAKES BID FOR UK OVERSIGHT

Summary from the TLDR Crypto newsletter

Binance is apparently struggling to operate in the US due to increased regulatory scrutiny. Its chief strategy officer, Patrick Hillmann, expressed the company's interest in being regulated in the UK, despite past clashes with London-based regulators. Binance has faced multiple lawsuits from US regulators, including the CFTC and the DOJ. While it is difficult to operate in the US now with its unclear regulatory framework, Hillmann believes the US will eventually follow Europe’s lead.