Though I'm not sure why, Binance purposefully chose not to comply with US financial requirements in order to maintain operations. I'm sure they took note of this and, going forward, other exchanges should also take note and take appropriate action to steer clear of stories that require attention. There are still some excellent exchanges available, such as Bitget, which someone traders have been talking about. If you've observed, they typically comply with regulatory requirements. Their management must really care about their clients since they go above and beyond to establish a reputation, and as such, they are commendable.