TechFlow News, May 12 — According to The Information citing sources familiar with the matter, CZ, founder, major shareholder, and chairman of Binance.US, has been exploring ways to reduce his stake in the company. One source said that since last summer, CZ has been attempting to sell part of his shares. In recent weeks, following the Commodity Futures Trading Commission's lawsuit against Binance alleging violations of U.S. derivatives laws, leaders at Binance.US have discussed this move, which could potentially help improve the company’s standing in the eyes of U.S. regulators.
Currently, Binance.US is led by CEO Brian Shroder, who previously oversaw business development and global partnerships at Ant Group. The company has over 400 employees and recently relocated its headquarters from California to Florida, according to its website.
