Binance tentou oferecer uma posição para Gary Genslar em 2018, afirma relatório
- A Binance tentou oferecer um papel consultivo ao atual presidente da Securities and Exchange Commission (SEC) no período de 2018-2019.
- 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.
- O CEO da bolsa, Changpeng Zhao, se reuniu com Genslar em 2019 em Tóquio mais uma vez, mas este último se recusou a ingressar na bolsa.
- Um relatório do WSJ afirma que a bolsa estabeleceu seu braço nos EUA apenas para escapar de qualquer supervisão regulatória nos Estados Unidos.
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.
De acordo com um relatório do Wall Street Journal (WSJ), a Binance abordou Genslar, que também é ex-presidente da Commodity Futures Trading Commission (CFTC), enquanto lecionava no Instituto de Tecnologia de Massachusetts em 2018 e 2019. O relatório do WSJ citou mensagens e documentos de 2018 e 2020, juntamente com entrevistas com ex-funcionários, como fonte das informações.
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.”
Conforme relatado anteriormente pela Bitnation, a principal exchange declarou recentemente que não está planejando nenhuma demissão, colocando esses rumores de lado. Um funcionário confirmou que a bolsa está contratando para cerca de 500 funções e confirmou que eles precisam ser preenchidos no primeiro semestre de 2023. 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.