Is the implication that (almost?) every other western country wants their citizens to be ripped off because they allow Binance? I don't think it's quite as simple as that..

I think the more likely implication is that the US casts a wide shadow over international financial regulations, and that other countries that seek to do business with or in the US will aim to regulate in lockstep with the US.

To that extent, waiting until the US fixes a source of fraud is strategically reasonable.

Surely that's only in the best interest of the people, just like in all the areas a major government has a vested interest in exerting a large amount of control upon. Surely.

EDIT: wording