Is There a Global Approach to Regulation?

Binance was using Padsauce that was regulated in the US. Could they have a different issuer for a BUSD somewhere else so that they can still have a stable coin, but it's not under legal oversight of the United States? Yeah, theoretically, yes. Tether can't beregulated in the US because it's not domiciled here. And I think that's the biggest critique with this type of enforcement action is that it's not getting to the root of the problem.