Binance Invests in U.S. Lobbying to Re-enter the Market

Crypto exchange Binance has allocated a significant sum, $740,000, towards a U.S. regulatory and lobbying strategy, signaling its commitment to re-entering the American market. The move involves hiring renowned legal counsel Teresa Goody Guillén and lobbyist Ches McDowell, two experts who are well-known for their work in navigating complex regulatory landscapes. Binance’s investment reflects their desire to overcome hurdles posed by past compliance breaches which have led to a lack of trust in the eyes of the U.S. market.