Is it illegal to use Bybit in the US?

I'm curious to know, is it actually illegal for individuals in the United States to utilize the platform Bybit for cryptocurrency trading? I've heard conflicting opinions and would like to get a clear understanding of the legal status of this particular exchange within our country. Could you please clarify if there are any specific regulations or laws that prohibit Americans from accessing Bybit's services? Additionally, if there are any potential consequences for using Bybit despite these potential restrictions, I would appreciate it if you could elaborate on those as well.