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<ul class="news-points"> 
 <li>Binance US CEO Brian Shroder leaves the platform amidthe ongoing legal scrutiny.</li> 
 <li>The company’s Chief Legal Officer Norman Reed will replace Shrodan on an interim basis.</li> 
 <li>The resignation came following the company’s decision to reduce its workforce by one-third.</li> 
</ul> 
Amid a series of developments in the crypto space, Brian Shroder, the Chief Executive Officer of Binance US has<a href="https://www.bloomberg.com/news/articles/2023-09-12/binance-us-cuts-100-positions-as-crackdown-erodes-crypto-business" target="_blank" rel="noopener noreferrer nofollow"> </a>resigned from his position. The news followed <a href="https://coinedition.com/tag/changpeng-Zhao/" rel="noopener noreferrer nofollow">Binance CEO Changpeng Zhao</a>’s decision to eliminate one-third of the company’s workforce, driven by the tightening regulatory pressures in the United States. 
In response to the Bloomberg report, Adam Cochran, a prominent figure in the crypto universe, took to Twitter to reinforce his belief that the collapse of Binance would “be a longer more painful ride.” Referring to the new development in the platform, Cochran cited “If Bloomberg news about the CEO in the US resigning barely nudges this market, I’m not stupid enough to think my late night tweet is going to do it”. 
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-us-reduces-workforce-ceo-brian-shroder-resigns/">Binance US Reduces Workforce; CEO Brian Shroder Resigns</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance US Reduces Workforce; CEO Brian Shroder Resigns

Coin Edition

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