TechFlow news: Binance.US has issued a statement updating the public on last week's news regarding CZ and Binance.com. Binance.US stated that it is a separate entity operating independently to serve U.S. customers and has no affiliation with Binance.com.
The statement clarified that Binance.US was not involved in the settlement agreement announced last week and has no unresolved enforcement matters with the U.S. Department of Justice (DOJ), Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), or Commodity Futures Trading Commission (CFTC). Binance.US will continue full operations, committed to providing customers with the same products and services.
Meanwhile, CZ has decided to step down as chairman of the board and has transferred his voting rights through a proxy arrangement, ceasing involvement in corporate governance. The statement expressed gratitude for CZ’s guidance over the years and emphasized that Binance.US will continue to be led by Norman Reed and the existing management team, maintaining clear momentum and dedication to delivering a high-quality cryptocurrency trading experience for customers.
