CZ responds to management changes at Binance.US: Former CEO has completed established objectives, new CEO will be better suited for current regulatory environment.

On September 16th, in response to recent speculation about management changes at Binance.US in the cryptocurrency industry, Binance founder CZ posted on social media, stating that Brian Shroder (former CEO) is currently enjoying a well-deserved rest after achieving the goals he set when he joined two years ago. Under his leadership, Binance.US raised funds, improved products and services, strengthened internal processes, and gained a significant market share, all of which helped to build a more resilient company and bring benefits to customers. We appreciate his contributions. Compared to two years ago, the cryptocurrency market is in a different situation now, with rapidly developing and increasingly hostile regulatory environments. Norman Reed, a former SEC, New York Fed, Ripple, and DTCC executive, is the appropriate leader for Binance.US in the current market environment. We hope everyone ignores FUD and Binance will continue to build.