
CZ says Binance.US needed new leadership amid ‘hostile’ regulatory environment
The Binance International CEO said the regulatory landscape in the U.S. is "rapidly evolving and increasingly hostile" toward the crypto industry."
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It is misguided human application of the technology—not sentient AI gone rogue—that poses the more immediate existential threat to our world.

A spokesperson said the company was winding down trading 'voluntarily and for business reasons.'

The SEC called filings related to various ETFs inadequate in June.

The company has been granted the opportunity to begin selling certain assets, but only through an intermediary investment manager and with weekly caps on sales.

The Mila Kunis-backed project NFT collection, which granted holders access to exclusive content, was deemed to be an unregistered security contract as the SEC adds another win to its record.

The SEC chair faced strong criticisms, particularly from Republican members of the Committee, on his record of regulation and enforcement after more than two years in office.



