Bernstein Report: As part of a potential settlement, the US CFTC may require Binance to cease operations in the United States.

According to a report by CoinDesk on March 28th, as part of a potential settlement, the US Commodity Futures Trading Commission (CFTC) may require Binance to cease operations in the United States. Binance.US is a small part of Binance's overall business, accounting for less than 5% of the exchange's global operations, according to a research report by Bernstein, a Wall Street investment bank. Earlier on March 27th, the CFTC stated that it would seek a permanent trading and registration ban on Binance in the case. In addition, Binance also stated today that Binance.US is not a subsidiary of Binance.