It has been revealed that Binance, the world’s highest-volume cryptocurrency exchange, has offered to advise US Securities and Exchange Commission (SEC) Chairman Gary Gensler in the past.
According to the news dated March 5, which The Wall Street Journal (WSJ) based on information on the subject, Binance 2018 and 2019 in the years Gary to Gensler consultancy in your offer found. Gensler, who had not yet started his duty in the SEC at the relevant time, Massachusetts Institute Ugh Academician at Technology (MIT) was doing.
Didn’t Accept The Offer But…
According to messages from Binance executives, Gensler said: 2018 presented to him in consultancy offer refused. Head of Binance’s venture investment arm at the time Ella Zhang and founder of Koi Trading funded by Binance Harry Zhou He had a meeting with Gensler.
Zhau recorded the following statements regarding the meeting:
Although Gensler declined to be a consultant, he was generous in sharing his undergraduate strategies.
In addition, during his time at MIT, he came from many different sides. consultancy offer Gensler, who received all of these offers, allegedly refused. However, Gensler claims that does not reflect reality expressed.
He Would Return To The Regulator Seat
According to messages from Binance employees 2000s in years US Commodity Futures Trading Commission (CFTC) as President a powerful reform Gensler was thought to have turned down the offer of consultancy because he would return to the seat of the regulator. Even an employee, the election of the democrats win case, Gensler is likely to go to one of the regulatory agencies. you will be back had suggested.
Binance founder and CEO Changpeng Zhao (CZ) held another meeting with Gensler in Tokyo in 2019. After this meeting, Gensler became President of the SEC almost two years later.
Experienced Actors at State Levels were Targeted
On the other hand, Binance’s US subsidiary Binance.US In US government agencies other than Gens experience He also met with other actors. Exchange, US Currency Control Unit head Brian Brooks Binance.US CEO He was also appointed as the former US Ambassador to China. Max Baucus also with regulatory consultancy had a business deal.