Binance Leverages Lobbyists to Shape U.S. Legal Strategy

Binance is bolstering its legal strategy in the United States by hiring prominent lobbyists, a move aimed at navigating shifting regulatory landscapes and influencing U.S. policy. This strategic shift follows the dismissal of an SEC lawsuit and ongoing negotiations with the Department of Justice. Binance aims to enhance its regulatory standing and restore market confidence, particularly for Bitcoin and Ethereum flows. Led by CEO Richard Teng and founder Changpeng Zhao, the company is employing top legal and lobbying forces to facilitate transparent engagement with U.S. regulators. The initiative signifies a positive change towards compliance and stability in the cryptocurrency industry within the US.