In the USA, Binance US – a prominent cryptocurrency exchange – has brought on board a new director. Martin Grant, an accomplished professional with extensive background in regulatory, legal, and compliance fields, has been appointed to Binance US’s esteemed board of directors. Previously, Grant served as the chief compliance and ethics officer at the New York Federal Reserve Bank from 2005 to 2022, having joined the organization back in 1990.
Martin Grant’s hiring by Binance for their US branch is viewed as a shrewd move, given his expertise in navigating intricate U.S. regulatory frameworks. This appointment aligns with Binance’s objective to enhance its compliance system in response to the increasing regulatory focus on the crypto industry.
Binance US Boosts Board with Ex-Fed Officer
Martin Grant’s addition to the Binance US board is essential during this pivotal time for the exchange. His appointment becomes even more significant as Binance US goes through an intricate review of its compliance strategies under U.S. regulations, according to Norman Reed, Interim CEO of Binance US. Reed emphasized Grant’s importance at a critical juncture in the American cryptocurrency regulatory landscape.
Binance’s board expansion is the latest move in a series of recent changes at both Binance and Binance US. Most recently, Binance announced its first formal board, headed by Gabriel Abed, indicating a growing emphasis on improved governance within the Bitcoin market.
SEC Targets Crypto Giants, Including Binance
Against the backdrop of numerous regulatory and legal issues, Binance and Binance US have been hit with appointments from the SEC. In June 2023, the SEC brought a civil lawsuit against these entities, alleging they were selling unregistered securities. This lawsuit is just one of several enforcement actions initiated by the SEC against prominent crypto companies, such as Coinbase and Ripple.
In November 2023, Changpeng Zhao, CEO of Binance US, stepped down from his role after reaching a plea deal with American authorities. He admitted guilt to a felony charge and is scheduled for sentencing in late April. His departure and the ongoing legal proceedings underscore the growing influence of U.S. regulatory bodies on domestic cryptocurrency exchanges.
SEC vs. Ripple: Alderoty Sets Record Straight on Next Steps
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Best Goomba Characters In Mario Games, Ranked
- USD RUB PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- USD COP PREDICTION
- USD PHP PREDICTION
- Rumor: One of the Weirdest Games of 2014 Could Be Making a Comeback
2024-04-17 01:27