Binance Doubles Down on Lobbying to Secure Regulatory Success

Binance is making a strategic move to regain its foothold in the U.S., significantly expanding its lobbying efforts in Washington D.C. by hiring top political advisors. The company has brought on board Ches McDowell and Teresa Goody Guillén for key positions, aiming to influence regulatory frameworks that could impact crypto derivatives and institutional investor engagement. This investment, worth $7.1 million, reflects the significance of navigating U.S. market regulations, particularly in light of the exchange’s past challenges with reputation.