Binance probeerde in de periode 2018-2019 een adviserende rol aan te bieden aan de huidige voorzitter van de Securities and Exchange Commission (SEC).

Binance probeerde in 2018 een positie aan te bieden aan Gary Genslar, Report Claims

  • Binance probeerde in de periode 2018-2019 een adviserende rol aan te bieden aan de huidige voorzitter van de Securities and Exchange Commission (SEC).
  • The exchange’s executives met with Gary Genslar for the first time in October 2018, when Genslar was a professor at the Massachusetts Institute of Technology.
  • De CEO van de beurs, Changpeng Zhao, ontmoette Genslar in 2019 opnieuw in Tokio, maar laatstgenoemde weigerde deel te nemen aan de beurs.
  • Een WSJ-rapport beweert dat de beurs zijn Amerikaanse arm heeft opgericht om vervolgens weg te glippen van enig regelgevend toezicht in de Verenigde Staten.

The world’s biggest crypto exchange by trading volume, Binance, has come under the media spotlight following the collapse of former rival crypto exchange FTX under the leadership of Sam Bankman-Fried, also known as SBF in the crypto space. Interestingly, a report claims that the leading exchange tried to hire the current Chair of the Securities and Exchange Commission (SEC), Gary Genslar, in 2018 but was unable to do so. 

Volgens een rapport van de Wall Street Journal (WSJ), benaderde Binance Genslar, die ook de voormalige voorzitter is van de Commodity Futures Trading Commission (CFTC), terwijl hij in 2018 en 2019 lesgaf aan het Massachusetts Institute of Technology. Het rapport van de WSJ citeerde berichten en documenten uit 2018 en 2020, samen met interviews met oud-medewerkers, als bron voor de informatie. 

Additionally, the report also claims that Genslar met with Ella Zhang, then head of Binance’s venture investing arm, and Harry Zhou, co-founder of Binance-invested firm Koi Trading, in October 2018 regarding the exchange’s offer. However, the SEC chair declined their offers. In a chat, Binance CEO Changpeng Zhao, also known as CZ in the crypto space, wrote: 

“I observe that while Gensler declined advisor-ship, he was generous in sharing license strategies.”

As per a Binance employee, Gensler would be “likely back in a regulator seat if Dems win the 2020 election.” Interestingly, a second meeting between Genslar and Zhao took place in March 2019 in Tokyo. Finally, in April 2021, Genslar became the SEC Chair after declining several offers by companies regarding an advisory position during his time as an MIT professor. 

The report also highlighted the relationship between Binance and the exchange’s US subsidiary, Binance.US. WSJ claims that the executives at the exchange took several steps to mitigate the risks associated with the US arm after they realized that regulators might step in to tame the industry. One of the steps was the creation of a US entity so that any regulatory oversight might be subjected to Binance.US and the parent entity would remain secure from any trouble. 

The report claims that in a report called “Insulate Binance from US Enforcement,” the exchange decided that it would have only a “purely contractual” relationship with the US arm to prevent a US regulatory crackdown, positioning the US arm as a separate operation. A spokesperson from the exchange told CoinTelegraph

“When Binance.US was founded, there was an agreement with the Binance.com tech team to build out the tech infrastructure and provide other forms of support for the new US-regulated exchange. […] It was a white label service that supported other exchanges. That is why you’re seeing these old communications between members of the two organizations.”

The exchange further noted that “while growing at such a rapid pace, we made some initial missteps which have now been rectified. Following a massive investment in compliance talent, processes, and technology over the past two years, we are a very different company today when it comes to compliance.”

Zoals eerder gerapporteerd door Bitnation, heeft de leidende beurs onlangs verklaard dat het geen ontslagen plant, waardoor dergelijke geruchten tot rust komen. Een functionaris bevestigde dat de uitwisseling bijna 500 functies aanneemt en bevestigde dat ze moeten in de eerste helft van 2023 worden ingevuld. Furthermore, three United States senators, led by Elizabeth Warren, have sent a letter to CZ and Binance.US CEO Brian Shroder expressed his concerns regarding the companies’ activities. 

Parth Dubey
Parth Dubey Geverifieerde auteur

Een cryptojournalist met meer dan 3 jaar ervaring in DeFi, NFT, metaverse, enz. Parth heeft met grote media in de crypto- en financiële wereld gewerkt en heeft ervaring en expertise opgedaan in de cryptocultuur na het overleven van bear- en bullmarkten door de jaren heen.

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