Does Binance report to the IRS?

In the realm of cryptocurrency and financial regulations, there's often a haze of uncertainty surrounding compliance measures. Given the global nature of the crypto market and the various jurisdictions involved, it begs the question: Does Binance, one of the largest cryptocurrency exchanges in the world, report to the Internal Revenue Service (IRS) of the United States? This question is particularly relevant for US-based investors and traders who utilize Binance's platform for their crypto transactions. The answer to this query could potentially impact tax compliance and legal obligations for those engaged in crypto trading and investments.