We have to get something straight with this information about binance and the SEC. Binance is not the only cryptocurrency exchange that exist even though the biggest and more far reaching to investors because of all the features and on the other hand, US is not the only country dealing with cryptocurrency. US is trying to protect her environment and to get binance to be transparent and follow the law. After they do things and the lawsuit is attended to, maybe market will shift from binance to another exchange and the business continues. While this is going on, SEC and other whales may be waiting to buy cheap.
In this case Binance.US is certainly affected and for Binance.com is not affected by the SEC because it is not the SEC's working area.
But even so, the impact of the regulations made by the SEC has shaken the crypto ecosystem.
After all, Binance is the largest exchange at the moment and this will certainly have an effect.
Just look at how the price of Bitcon freely fell from the price of $27k down to touch the price area of $25k.
and some altcoins that were banned by the SEC in the US were severely affected.
US people began to withdraw their asset holdings so that the crypto market crashed.
Those waiting for this moment will certainly party and be able to buy bitcoin and altcoins at a cheaper price.
