As a protracted battle with the United States Securities and Exchange Commission (SEC) was finally concluded, Binance CEO Changpeng Zhao expressed his satisfaction and relief. The company had been going through a stressful and uncertain time due to the SEC’s prolonged investigation, so the resolution was a good step.
Binance CEO Changpeng Zhao Relieved as Issues Resolved
Now that the regulatory uncertainty is starting to subside, CZ said that he will focus on Binance’s future. The seasoned crypto entrepreneur highlighted in a tweet that the SEC’s request for emergency relief was unneeded and that Binance would be free to move on unfettered thanks to the mutually agreed-upon resolution.
New Development from Binance and SEC
A significant development occurred on Saturday, June 18, when Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia approved the “Proposed Stipulation and Consent Order” that Binance, Binance.US, and the SEC reached.
Company Operations at Full Speed, CZ Says
CZ underscored Binance’s unshakable commitment to ongoing operations in spite of the difficulties and regulatory barriers the firm has recently experienced. The CEO of Binance stressed that consumers’ assets have remained safe and secure across all services connected to Binance while expressing satisfaction with the way the SEC problem was resolved.
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