Crypto exchange Binance sought to hire Gary Gensler as an adviser before he became chairman of the U.S. Securities and Exchange Commission.
Highlights
- Crypto exchange Binance sought to hire Gary Gensler as an adviser before he became SEC chair.
- The Wall Street Journal report based on messages and documents from 2018 and 2020.
- The report highlights the relationship between Binance and its American arm, BinanceUS.
- Binance is reportedly preparing to face fines and penalties in order to settle outstanding regulatory and law-enforcement investigations in the United States.
- A spokesperson for Binance told Cointelegraph: “We made some initial missteps which have now been rectified.
- Following a massive investment in compliance talent, processes, and technology, we are a very different company today when it comes to compliance”
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