I just got around to moving all my BTC from Binance to other exchanges. This isn't a very large amount but still more than I would be ok with losing. To be fair to Binance, it all went pretty smoothly and the BTC was moved in a couple of hours after the necessary confirmations.
You can read about the SEC's charges against Binance and CZ in their press release here: https://www.sec.gov/news/press-release/2023-101 . As a non US firm, their enforcement ability will be limited but if they were to freeze Binance's assets, then Binance will have a hard time meeting customers' withdrawals.
According to this article in AMBCrypto, Binance has asked the courts to deny SEC’s restraining order as freezing its assets would "put the firm out of business". Here's another source from CoinTelegraph: https://cointelegraph.com/news/binance-us-fights-sec-motion-to-freeze-funds-restraining-order
There's a decent chance that Binance's lawsuit will fail and you don't want to stick around to find out whether they can meet their commitments.