They will agree on a penalty fee, and go back to business as usual with more strict oversight for US customers.
Probably. But there is always the possibility that Binance are banned from operating in a given jurisdiction, and all their customers in said jurisdiction suddenly find themselves with big problems trying to access their money.We've seen plenty of examples of customers losing their money because of centralized exchanges collapsing or scamming, but don't forget you can also lose your money because of actions of your government.
But that's something that affects everyone alike.
Well, it doesn't affect me at all because I don't own any centralized shitcoins. Good luck to any US regulators trying to stop bitcoin being mined or trying to freeze my wallets. 