Binance.US: No outstanding issues with the US Department of Justice, and continues to operate fully.

Original author: Binance.US

Following the recent controversies surrounding Binance, including the announcement of settlements with the DOJ, CFTC, OFAC, and FinCEN resulting in a $4.3 billion fine, as well as the resignation of Binance founder CZ from his CEO position, Binance.US hopes to provide some updates to the Binance.US community. The following is a full translation of the announcement by BlockBeats:

As you know, the launch of Binance.US is to provide services to US customers in accordance with all US laws and regulations. Although we share a brand and industry-leading technology stack, we operate independently of Binance.

Therefore, Binance.US did not participate in any announced settlements last week, nor does it have any outstanding enforcement matters with the US Department of Justice (DOJ), Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC) of the US Department of the Treasury, or the Commodity Futures Trading Commission (CFTC). We remain fully operational and committed to continuing to provide our customers with the same products and services as before.

That is to say, as CZ leaves Binance, he has decided to resign from the position of chairman of the board and transfer voting rights through proxy arrangements. Therefore, his interests in the company are purely economic and he will no longer participate in our governance.

We deeply appreciate CZ's guidance and advice over the years. With his support, we have established Binance.US as the preferred destination for US customers seeking an excellent cryptocurrency trading experience.

So, what's next? Binance.US will still be led by Norman Reed and our existing, experienced management team. We have sufficient capital to continue building and developing our platform, while maintaining the same customer-first commitment with updated clarity and momentum. The Binance.US team is energized by our business opportunities and mission - to modernize and democratize the financial system.

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