Why is Binance banned in the US?

Why is it that Binance, a seemingly prominent cryptocurrency exchange, faces a ban in the United States? This puzzling situation begs for clarification. Could it be due to the exchange's alleged violation of US regulations, as reported by the Commodity Futures Trading Commission? Or is it related to the repeated efforts by Binance to circumvent regulatory oversight, despite the clear prohibition on its services in the country? It's intriguing to note that even with these restrictions, Americans have still been able to access Binance through VPNs, rendering the ban seemingly ineffectual. Furthermore, the actions taken by certain states, such as Florida and Alaska, to prohibit Binance.US from operating within their borders, add another layer of complexity to this already convoluted situation. Could these bans be a result of Binance's past legal troubles and the subsequent resignation of its founder? It seems that there's more to this story than meets the eye, and I'm eager to delve deeper into the reasons behind Binance's ban in the US.