The Importance of Binance US's Functional Fiat Capability

There's a serious concern that customer assets already have been misappropriated and are not even in Binance US's control, whatever that even means. These guys are not people you want having access to the banking system. And they've had to use all sorts of clever workarounds for years. So if they manage to freeze these accounts and cut them off that way, I don't think they have any access left.