Binance (BNB-USD) is subject to dual supervision by US regulators, which is a necessary step for Binance to go global, so there is no need to make a fuss. This is because Binance reached a $4.3 billion settlement agreement with the US Department of Justice and the Treasury Department's Financial Crimes Enforcement Network (FinCEN) in November 2023 involving violations of money laundering laws. As one of the conditions of the settlement, Binance was appointed two independent compliance monitors, one by the Department of Justice and the other by FinCEN.

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The US Department of Justice appointed Frances McLeod, one of the founders of Forensic Risk Alliance, to review Binance's activities for the next three years, while FinCEN appointed Sharon Cohen to monitor Binance's compliance with the terms of the settlement. Regulators require these monitors to ensure that Binance completely withdraws from the US market and establishes an effective anti-money laundering program. In addition, if Binance fails to comply with the regulatory terms, it may face further penalties, including a $150 million suspended sentence fine.

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The U.S. Treasury Department is also actively taking steps to control money laundering in the crypto market. Last week, the Treasury Department released a strategy that highlighted its key priorities, including closing loopholes in anti-money laundering laws, improving the efficiency of law enforcement agencies, and leveraging new technologies to combat illegal financial activities. The Treasury Department plans to update anti-money laundering laws and work to implement the standards of the Financial Action Task Force (FATF) globally.

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These measures demonstrate the determination of U.S. regulators in ensuring compliance in the cryptocurrency market and their efforts to promote anti-money laundering standards around the world.

Of course, it can't stop Binance from becoming a global giant, just like the Oriental Pearl Tower piercing the sky💓💓