Binance is no stranger to regulatory issues; in fact, it has frequently in the past been able to get around or around them in order to cooperate with regulators.

The exchange, however, has come under fire from numerous agencies when it comes to the United States.

A number of American financial regulators are currently looking into the cryptocurrency exchange. A lawsuit has been filed in connection with an investigation that began in early 2021 by one of the main derivatives market regulators in the United States. Some of these investigations trace back to 2018, for example.

On March 28, the U.S. Commodities Futures Trading Commission brought legal action against Binance, its CEO Changpeng Zhao, and Samuel Lim, a former top compliance officer.
 Evidence in the CFTC action has accumulated, including internal chat logs between Zhao and executives of Binance. Some market analysts think it may very well decide the future of the international cryptocurrency exchange in the US.

The case, according to Mark Fidelman, the founder of SmartBlocks, has the potential to reverse years of progress made by Binance's sister company in the United States, Binance.US, which the global exchange claims operates as an independent business. Allegations against Binance are serious, and the consequences might be the demise of the company, according to Fidelman.

Furthermore to the regulatory violations, Binance is directly mentioned in the lawsuit.

Merit Peak also has US trading affiliates. Zhao is said by the CFTC to have direct control over Binance and all of its affiliated businesses.In the past, the CFTC's cases against cryptocurrency companies have been resolved with significant penalties and orders to suspend operations. According to Terence Yang, a Harvard Law JD and managing director of the Bitcoin-focused company Swan Bitcoin, it appears doubtful that Binance.US will be open for very long, depending on what the CFTC can demonstrate in court.

"On the one hand, Binance.US offered fewer items than Binance while also having consumers who identify as American citizens and who Binance.US acknowledges as American citizens. On the other side, Binance.US might cease to exist if the CFTC can persuade a judge that it assisted Binance in stealing American consumers who wished to use VPNs to conceal their American identity and buy more exotic products.
Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators.

However, when it comes to the United States, the exchange has found itself in the cross-hairs of multiple agencies.