I've been waiting for Binance to be targeted as soon as the FTX situation blew up and regulators realized that Binance did the exact same thing as FTX, but they were able to survive a cycle doing so and became insanely wealthy as a result.  Looks like now that regulators have caught on, they are going to be looking to take a piece of flesh from CZ.  This is in no way a positive development for Bitcoin in the short term, and we're already seeing the start of the pain, but long term I think if we want to see Bitcoin hit the high 6 figures, it is absolutely necessary to weed out the bad actors in the space, and Binance is just FTX with a first mover advantage.