The Fed has closed down exchanges in other jurisdictions in the past. Binance has US customers: This is a NO NO. Craig Wright is no fool and wants Binance out of the picture. Be aware! Maybe hell is coming to Binance: Use them but dont hold your bags with them: Opinion
I doubt there will be a disaster on cryptocurrency industry if this ever happens. Just imagine an exchange, a high performing exchange listed on top among the exchanges shuts down by the outside group, that would be problem for most of the trader having Binance as a main exchange. Perhaps, Securities and Exchange Commission could really come after the binance however there will be a great adjustment like time for all user withdrawal and some retail cryptocurrency brokerage firm will be affected like
eToro and
Bittreo since their spot pricing depends on binance. However, this matter will be in deep study by SEC and as i have said Binance is a great performing exchange compared to others under safe and legal standards and shutting it down will be a great loss for them also.