I read somewhere yesterday that China is welcoming all crypto exchanges to its country for a peace operation, US don't know what they are throwing out of the window right now, crypto isn't the reason why the USD is losing face, they are trying to make it look like that, but I suspect that many US citizens are moving their money off bank accounts into crypto investment and the government doesn't like this.
It's better if Binance leave the US for good, but I think it was not easy for CZ to run the Binance US in the first place, and he believes that the US citizens are playing a major part in the adoption of crypto, that's why he didn't want the US out of the book, this is my own thoughts, nothing confidential.
Care to share the links though?
As far as I know they too have their crack down way back in 2018, that's why Binance has move out somewhere else. So I will take this with a pitch of salt though, I doubt that China will suddenly make a U-turn and welcome crypto exchanges, specially Chinese based like Binance.
In any case this is expected from SEC though, this might be a on-going battle for Binance and most likely they already have Plan B for this ready to execute just in case SEC attack them.