Brian Shroder, CEO of Binance.US, the US subsidiary of Binance, the world’s largest cryptocurrency exchange, left his position and the exchange started to reduce its staff.
It has been struggling with pressure from US regulators for a while. Brian Shroder, CEO of Binance.USaccording to the news published by Bloomberg and based on a source familiar with the subject. resigned from his position. Binance.US is specifically regulated by the US Securities and Exchange Commission (SEC). Following the lawsuit filed in June experienced a serious loss of liquidity and the activities of the stock market decreased significantly.
According to information provided by sources, in parallel with the departure of the CEO One-third of Binance.US staff will be laid off A policy of austerity was adopted. It was stated that in the said layoff, more than 100 personnel were separated.
This policy to the company 7 years of financial leeway It was emphasized that it opened However, Chief Legal Officer Norman Reedof temporarily Binance.US CEOIt was stated that he took over his duty.
By a Binance spokesperson September 12 In the statement made on , it was stated that the ongoing atmosphere of uncertainty and SEC pressure led to this result. activities will continue in a determined manner featured:
The decisions we made today have opened up at least seven years of financial space for Binance.US, allowing us to continue serving our customers as a cryptocurrency exchange. The SEC’s aggressive attempts to cripple our industry and the resulting impact on our business have dire consequences for industry and innovation in the U.S., and this is an unfortunate example of that.
Binance.US shortly after the lawsuit filed by the SEC Nearly 50 staff It was brought to the agenda by dismissal.
Could Binance.US close down?
The resignation of the CEO of Binance.US, which is currently being sued by the SEC and the Commodity Futures Trading Commission (CFTC), has led to serious speculation among market commentators. These developments On the way to closure of Binance.US claimed to be leading signals.
What happened in Binance recently? resignations It was brought up frequently. Finally, the exchange’s Chief Product Manager Mayur Kamat He announced that he was resigning.
Binance CEO Changpeng Zhao (CZ) said in a recent statement that the stock market to resignations And to FUDs opposite durable He gave confidence to his investors by saying that it was.