Binance.US is bracing for a protracted legal clash with the SEC, defending compliance while criticizing the regulator's approach. The cryptocurrency exchange stated that the regulator has adopted an approach that creates uncertainty and hinders innovation.

This stance by Binance.US comes at a time when regulatory pressure is increasing on the cryptocurrency industry. Regulators around the world are expressing concerns that cryptocurrencies could potentially lead to fraud and illegal activities.

However, if Binance.US engages in such a legal conflict, it could have a negative impact on the markets due to uncertainty and increased regulatory pressure in the industry. This could further increase uncertainty over the future of the cryptocurrency industry.