##Though Congress hasn’t directly banned Binance, mounting pressure from U.S. lawmakers and regulators has hit the crypto giant hard.

Accused of enabling illicit transactions and operating without proper registration, Binance faced lawsuits, a historic multibillion-dollar settlement, and its CEO’s resignation.

Senators have labeled it a hub for financial crime, while the SEC intensified its crackdown.

Meanwhile, Congress is forming a bipartisan crypto group to regulate the digital asset space. These actions reflect a growing effort to rein in major crypto platforms and ensure compliance—without an outright ban, yet with heavy restrictions shaping Binance’s future in the U.S.