Binance.US, the American arm of the world's largest cryptocurrency exchange, is preparing to relaunch its operations soon, according to its interim CEO, Norman Reed. In a recent statement, Reed said that the exchange does not have “a firm date for relaunching our operations, but it’s not a question of if, but when.” Binance.US pulled out of the U.S. market in 2022 after paying a $435 million fine to the U.S. government for alleged violations including sanctions violations, money laundering, and unlicensed money transmission. Binance CEO Richard Teng had previously said that it was “premature” to discuss a re-entry into the U.S. market. “Despite being overly regulated, Binance.US maintained sound operations, supporting 160+ crypto trading pairs and 20+ crypto staking with no actions taken against it by the SEC,” Reed said, emphasizing that the SEC had found no evidence of wrongdoing by Binance.US. The relaunch of Binance.US is expected to be a major event in the U.S. cryptocurrency market. The exchange is one of the largest in the world, and its return to the U.S. could help to legitimize the cryptocurrency industry.