Binance.US is halting USD deposits and has warned users to withdraw all US dollar funds by June 13th, although its dollar withdrawal service is currently not working.
Also, all USD trading pairs will be removed next week.
A statement on its Twitter account in part reads: "The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry.
Binance.US and our business partners have not been spared in the use of these tactics, which has created challenges for the banks with whom we work.
