Please leave your thoughts in the comments section below and share this article with others so more people can join the discussion. Binance spokesperson Your thoughtsĭo you think more regulation is required for crypto companies? Are you disappointed people are losing their jobs? “ The SEC’s aggressive attempts to cripple our industry and the resulting impacts on our business have real world consequences for American jobs and innovation, and this is an unfortunate example of that. In June, the Securities & Exchange Commission sued the company for operating as an unregistered securities exchange, allegedly conducting fraud. This is not a case of rightsizing, but rather, re-evaluating whether we have the right talent and expertise in critical roles." Binance spokesperson ![]() "As we prepare for the next major bull cycle, it has become clear that we need to focus on talent density across the organization to ensure we remain nimble and dynamic. ![]() It moved those users to Binance.US, which is run by a separate company, BAM Trading Services, and has a much smaller selection of tokens. But it wasnt until last November that Binance blocked U.S. The Florida based business is laying off over 100 employees, marking its second round of job cuts this year. In 2019, Binance said it would stop allowing U.S. ![]() However, the crypto brand is under increased scrutiny from American financial watchdogs. Binance.US, one of the leading cryptocurrency exchanges in the United States, has suffered another blow with Brian Shroder, president and CEO of Binance US, resigning from the company amid regulatory scrutiny.īinance US does not have the volume of its parent company, but it allows American citizens to access the Binance brand.
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