Speaking to Cointelegraph in the wake of the Security and Exchange Commission (SEC) filing charges against Binance Holdings and its founder Changpen Zhao, Professor Jack Graves illustrated that ‘The independence of Binance.US from its global unity is critical for two reasons — regulatory jurisdiction and liability in the event of a failure.’
“If you don’t keep them independent, then the U.S. regulators will go after Binance International and say we have jurisdiction because you are acting through the U.S. entity. And in fact, I think the SEC is looking at that,” said Graves.