Is Binance banned in the USA?

I've been hearing a lot about Binance, the world's largest cryptocurrency exchange, but I'm a bit confused about its status in the United States. I've read some conflicting reports online, saying that it's either banned or operating with some restrictions. Could you please clarify the situation for me? Is Binance actually banned in the USA, or is it still operational with certain regulations? And if it is banned, what are the reasons behind this decision? I'm really interested in understanding the ins and outs of this matter.