Binance US
Binance.US Faces Suspension of Operations in Alaska and Florida
Regulators in Florida and Alaska have forbidden Binance.US from operating in their states, according to a report by The Wall Street Journal on January 25. The Alaska Division of Banking and Securities rejected Binance.US’s operating license renewal this month. The decision sparked speculation about the underlying reasons and potential ramifications for the exchange’s operations. At […]
Binance And CEO Changpeng Zhao File Motion To Dismiss US SEC Lawsuit
On Sept. 21, Binance, its US subsidiary Binance.US, and CEO Changpeng Zhao ‘CZ’ filed a joint motion in the US District Court of the Columbia state to dismiss the SEC lawsuit against them. Crypto exchanges and CZ stressed that the SEC had overstepped its authority while filing the lawsuit. The financial regulator filed the lawsuit […]
US Court Rejects SEC’s Request To Access Binance.US Software
A US federal judge has rejected the Securities and Exchange Commission’s request for access to Binance.US’s software and other documentation, Bloomberg reported on Sept.18. The SEC filed a lawsuit against Binance.US in June, claiming the company was operating unlawfully and mishandling customer funds. On Sept. 18, the regulatory authority again filed a request, alleging insufficient […]
Binance.US CEO Steps Down, Crypto Exchange To Cut One-third Of Workforce
Brian Shroder, the Chief Executive Officer of Binance.US, has left the crypto trading platform. According to the company spokesperson, chief legal officer Norman Reed will serve as his interim replacement. Besides this departure, Binance.US is slashing one-third of its workforce — or 100 positions. The move comes as the company faces difficulties, including a lawsuit […]