Binance US CEO Brian Shroder exits as exchange cuts one-third of workforce
Binance has blamed the SEC's regulatory onslaught for its actions.
Greenwood will also be forced to forfeit $300 million of personal funds.
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.
The SEC has yet to approve any spot Bitcoin ETF applications, but 2023 has seen several institutional asset managers try their hands.
Investor confidence dwindles as treasury yield spread dives.
Bitfinex secures significant legal triumph as US court dismisses class action lawsuit.
Gensler doubles down on crypto regulations amidst industry backlash and legal setbacks.