Binance Could Exit From US Partners as SEC Cracks Down On Crypto

Yueqi Yang

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Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.

The company, which operates the world's largest crypto exchange, is weighing the retreat after its relationships with a key banking partner and stablecoin issuer ran into trouble amid intense scrutiny from authorities, according to a person familiar with the issue. Binance has been probed by the Securities and Exchange Commission, Commodity Futures Trading Commission, Justice Department and the Internal Revenue Service.