In recent Binance US news, regulatory authorities in Alaska and Florida have issued cease operations orders to the US division of Binance, a subsidiary of the world’s leading digital asset exchange. This comes hot on the heels of a plea agreement between Binance and its former CEO, Changpeng Zhao, with the U.S. government.

Emergency Suspension

The regulatory crackdown on Binance US began in Florida, where the Office of Financial Regulation enacted an emergency suspension of the exchange’s license for money transmission.

Wall Street Journal journalist Caitlin Ostroff first reported this development, shedding light on the ongoing complications the exchange has faced in the state. Court…

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