According to the Wall Street Journal, regulators in Florida and Alaska have notified Binance US that they can no longer provide services to their residents. After Binance founder Changpeng Zhao admitted to violating US anti-money laundering laws, regulators in Alaska and Florida believed that he, who holds 80% of Binance US's shares, was not suitable to oversee the company's operations. Previously, Florida had suspended Binance US's money transmission license, and the Alaska Department of Banking and Securities refused to renew Binance US's license in January 2024.