Fun

Former NY Fed chief joins Binance.US board

News Feed - 2024-04-17 12:04:06

Turner Wright8 hours agoFormer NY Fed chief joins Binance.US boardFormer Binance CEO Changpeng Zhao stepped down as chair of Binance.US’ board of directors in November 2023.790 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksUnited States-based cryptocurrency exchange Binance.US announced that a former chief compliance and ethics officer from the Federal Reserve Bank of New York has joined its board of directors.


In an April 16 blog post, Binance.US said former NY Fed chief Martin Grant would be bringing his “regulatory, legal, and compliance” experience to the crypto exchange as one of its newest board members. Grant was the chief compliance and ethics officer at the NY Fed from 2005 to 2022, having joined the bank in 1990.


According to Binance.US Interim CEO Norman Reed, adding Grant would help the exchange “continue to navigate the current regulatory environment “ in the U.S. The former NY Fed chief is also the Global Head of Regulatory Affairs and Integrity at financial services firm JST Digital, adding that the crypto industry in the U.S. was “at an inflection point.”Source: Binance.US


The change to Binance.US’ board of directors came roughly two weeks after global exchange Binance — a separate entity — announced it would be forming a board for the first time. The seven-person board is chaired by Gabriel Abed, the ambassador of Barbados to the United Arab Emirates, where the exchange has some personnel and ties to regulatory authorities. 


Related:Binance.US says it’s ‘radioactive’ to banks, SEC dealt ‘near-mortal blow’


Former Binance CEO Changpeng Zhao chaired the Binance.US board before he resigned in November 2023 as part of an agreement with U.S. authorities — a settlement that did not include the U.S. exchange. Zhao stepped down as Binance CEO and pleaded guilty to one felony charge, for which he is scheduled to be sentenced on April 30.


Binance, Binance.US and Zhao still face a civil lawsuit initially filed by the U.S. Securities and Exchange Commission in June 2023 for allegedly offering unregistered securities. The case is one of many enforcement actions the regulator is pursuing against crypto firms with operations in the country, including Coinbase and Ripple.


Magazine:‘SEAL 911’ team of white hats formed to fight crypto hacks in real time# Federal Reserve# Business# New York# Cryptocurrency Exchange# BinanceAdd reaction

News Feed
Tom Blackstone4 hours agoBinance CEO CZ’s downfall is ‘the end of an era’ — Charles HoskinsonThe Cardano founder claimed that crypto entrepreneurs must comply with regulations or use completely decentralized syst
2023-11-23 04:31 AM
SUI Price To $7? Analyst Predicts Altcoin’s Path To New ATH
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
2025-09-07 03:30 AM
Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion
Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion Statistics recorded this week show that the aggregate number of non-fungible token (NFT) sales, settled across
2022-05-21 01:30 AM
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn The financial regulator of the U.S. state of Arizona has warned investors about crypto interest
2022-07-25 20:30 PM
Prashant Jha10 hours agoETF analyst raises spot Bitcoin ETF approval chances in the US to 65%The ETF analyst predicted that recent developments in the Ripple vs. SEC case and the upcoming Grayscale lawsuit would be cruci
2023-08-02 22:11 PM
Jesse Coghlan4 hours agoFTX users name Mercedes F1 team and MLB in new promo lawsuitsThe group of FTX users is taking aim at the Mercedes Formula One team and Major League Baseball for allegedly helping FTX commit fraud
2023-11-28 14:00 PM
Biggest Movers: LTC up 12%, Hitting a 3-Week High
Biggest Movers: LTC up 12%, Hitting a 3-Week High Litecoin rallied to a three-week high on Nov. 22, despite the global cryptocurrency market cap mostly residing in the red. As of w
2022-11-23 01:40 AM
Why MIND of Pepe is the Best Crypto to Buy Now as Pepe Enjoys Life in Green
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
2025-05-22 23:57 PM
Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year
Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and fo
2022-09-04 10:30 AM
Luart Officially Rebrands to Arcnes as the Platform Looks to Be More Than Just an NFT Marketplace
Luart Officially Rebrands to Arcnes as the Platform Looks to Be More Than Just an NFT Marketplace press release PRESS RELEASE.Luart has announced an official rebranding to Arcnes, a
2022-09-17 02:00 AM
Chainlink Weekly Indicator Flashes Buy Signal – Can Bulls Hold $13.20 Support?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
2025-03-31 22:00 PM
Bitwise has filed an XRP ETF
Ana Paula Pereira4 hours agoBitwise has filed an XRP ETFThe crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware. 3808 Total views12 Total sharesListen to article 0:00NewsOwn
2024-10-02 04:51 AM