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CEO of the Binance exchange Changpeng Zhao (Changpeng Zhao) is trying to reduce the number of shares he owns in the American division of the site.
According to The Information, theirZhao has been trying to reduce his ownership stake in Binance.US since last summer, and then the US Securities and Exchange Commission (SEC) has not yet filed a lawsuit against Zhao and the exchange.
Attempts to get rid of Binance shares.The US founder of the exchange strengthened after the Commodity Futures Trading Commission (CFTC) accused the platform of violating US laws on trading derivatives products.
As the publication reported, citing a friend withAccording to the source, the management of the American division of Binance expects that reducing Zhao’s stake in the company will help improve the company’s reputation among American regulators.
Let us remember that Changpeng Zhao himself is a citizen of Canada, but American regulators are confident in his strong ties to the Chinese government. It is also unknown where the founder of Binance lives.
Recently, Chief Strategy OfficerBinance Patrick Hillmann said the crackdown on cryptocurrencies in the US has made it "very difficult to do business" and the UK is also a concern.
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