TechFlow News, March 12: According to The Block, Binance.US announced the appointment of Stephen Gregory—former CEO of Currency.com—as its new Chief Executive Officer, succeeding interim CEO Norman Reed.
Stephen Gregory has a legal background and previously served as Head of Compliance at both Gemini and CEX.io, bringing extensive experience in digital asset compliance and regulatory matters. Norman Reed formerly worked at the U.S. Securities and Exchange Commission (SEC) and Ripple, and joined Binance.US in 2023. Reed stated that he recognizes the progress made jointly toward strengthening compliance and expressed optimism regarding Gregory’s appointment.
This leadership change comes over a year after Binance.US resumed USD deposits and withdrawals. The platform had suspended USD deposit and withdrawal services in 2023 amid allegations of securities law violations. Externally, Binance founder Changpeng Zhao (“CZ”) received a presidential pardon from President Trump last October, and Binance’s relationship with U.S. regulators has since softened. Binance.US still lags behind major competitors such as Coinbase and Kraken in terms of U.S. user base.
