![]() The company launched Binance.US in 2019 for US users. ![]() It was founded in 2017 by Changpeng Zhao, known as "CZ," and has been reported to be based in the Cayman Islands, although the exchange's website terms don't reveal the identities of the legal entities that actually run it. A spokesman and an executive at the Blockchain Association didn't reply to a comment request.īinance is the world's busiest crypto exchange, with more than $26 billion trading on its platform daily, according to. He was listed as a board member on the association's website as recently as August. Robins is also no longer listed as a member of the board of the Blockchain Association, a digital assets industry lobbying group that Binance.US joined in August 2020. "Binance.US has made significant recent investments in our personnel and we aim to continue recruiting world-class leaders to our executive team as we work towards an eventual IPO," the Binance.US spokesperson said. Brooks, the former top lawyer at Coinbase who ran a federal banking regulator during the Trump administration, said in a tweet that there were "differences over strategic direction." The departure comes just two months after Binance.US CEO Brian Brooks and the company's chief administrative officer, Manny Alvarez, left over what the New York Times reported to be a failed effort to get venture capitalists to invest in the US entity. Reed was previously the top lawyer at the crypto company Ripple Labs, the payments company Nanopay, and at Carta, the software company known for its cap table management programs. ![]() Norman Reed, an alumnus of the Securities and Exchange Commission's Division of Trading and Markets and the Federal Reserve, will be taking the role on an interim basis, according to the spokesperson. "Chris has been one of the driving forces in assembling our leading legal team, and we are grateful for his past and continuing efforts on behalf of Binance.US and our customers," the spokesperson said in an email. A spokesperson for Binance.US said he would be taking a part-time role at the company. The top lawyer at Binance.US has quietly left his post, just two months after the company's CEO departed over "differences in strategic direction."Ĭhristopher Robins, who joined the US affiliate of the world's biggest cryptocurrency exchange in 2019, served as its general counsel for just seven months after a year and nine months in a similar role, according to his LinkedIn profile. Binance is reportedly being probed by the Justice Department, the IRS, and the CFTC.Norman Reed, former GC of Ripple Labs, is stepping into the role on an interim basis.Christopher Robins, the general counsel of Binance.US, left the role this month.Account icon An icon in the shape of a person's head and shoulders.
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