TechFlow news, according to a Bernstein research report, as part of a potential settlement, the U.S. Commodity Futures Trading Commission (CFTC) may require Binance to cease operations in the United States. The report states that Binance.US represents only a small portion of Binance's overall business, accounting for less than 5% of the exchange's global operations.
The report notes that this latest enforcement action is not "materially impactful to the broader crypto market" like previous cases involving Binance. U.S. operations are not significant, and the firm expects this news will not trigger a broad market sell-off, as the "regulatory narrative" has shifted from the U.S. toward anticipated capital flows from Hong Kong and mainland China. The Hong Kong cryptocurrency retail market is expected to open on June 1.Original link
