Mind you, that “if” is significant. FTX’s Bankman-Fried has been testifying before Congress, and Binance is said to be under investigation by both the US Securities and Exchange Commission and the UK’s Financial Conduct Authority. Countries are worried that Binance is not following rules and may be breaching the law (in the United States). The planned merger is unlikely to be approved by authorities in either nation, especially since Binance’s US affiliate was outlawed in 2019.
