Binance US: A Tie, Try Entity That Would Distract US Regulars From Main Exchanges Activities

Binance is trying to get all of the executive inbursements that changes things like they want. It seems like they're drawing a line in the sand and they're not budging, says FTX's John Defterios. Binance initially set up Binance US as what they claim to be a tie, try entity that would ultimately distract US regulars from the main exchanges activities in the country. The idea was that because Binance operates outside of the US and then they sent all their US users to Binance US, they were basically trying to make the argument that they are outside of regulators jurisdiction.