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<p class="is-style-lead">Crypto exchange Binance.US named Martin Grant, a former New York Federal Chief Compliance and Ethics officer, to its Board of Directors.&nbsp;</p>
<p>Currently the Global Head of Regulatory Affairs at JST Digital, Grant joins Binance.US as a 30-year veteran from the financial and digital asset landscape.&nbsp;</p>
<p>Following the crypto firm’s regulatory debacle with the U.S. SEC and a $4.3 billion <a href="https://crypto.news/binance-settlement-plea-deal/" target="_blank" rel="noopener noreferrer nofollow">plea agreement</a>, the ex-Fed officer is <a href="https://blog.binance.us/martin-grant-joins-board/" target="_blank" rel="noopener noreferrer nofollow">expected</a> to bolster best practice enforcement and conduct within the embattled crypto giant.&nbsp;</p>
<blockquote class="wp-block-quote">
 <p>“The American digital asset industry is at an inflection point, and I am excited to help guide the future of one of the country’s most influential and customer-centric crypto platforms. It is an honor to join the Binance.US Board and be part of an organization built from the ground up to connect Americans to the digital asset industry in a safe, responsible, and compliant manner.”</p> <cite><a href="https://twitter.com/BinanceUS/status/1780221080948572357" target="_blank" rel="noopener noreferrer nofollow">Martin Grant</a>, former NY Federal Reserve Bank Chief</cite>
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   <p lang="en" dir="ltr">We are proud to welcome Martin C. Grant, former <a href="https://twitter.com/NewYorkFed?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@NewYorkFed</a> Chief Compliance &amp; Ethics Officer, to the <a href="https://t.co/AZwoBOh0gq" target="_blank" rel="noopener noreferrer nofollow">https://t.co/AZwoBOh0gq</a> board. <br><br>With over three decades of regulatory, legal, and compliance experience in government and the digital assets industry, Mr. Grant will continue to… <a href="https://t.co/LumyL54R14" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/LumyL54R14</a></p>— Binance.US 🇺🇸 (@BinanceUS) <a href="https://twitter.com/BinanceUS/status/1780221080948572357?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 16, 2024</a>
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<p>You might also like: <a href="https://crypto.news/doj-considering-new-law-firm-as-monitor-for-binance-amid-ftx-ties/" rel="noopener noreferrer nofollow"> DOJ considering new law firm as monitor for Binance amid FTX ties </a></p>
<h2 class="wp-block-heading" id="binance-appoints-first-ever-board">Binance appoints first-ever board</h2>
<p>Grant’s appointment follows the first-ever <a href="https://crypto.news/binance-establishes-first-board-of-directors-yet-to-name-hq/" target="_blank" rel="noopener noreferrer nofollow">assembly</a> of a Binance Board of Directors, in line with terms agreed with the U.S. Justice Department. The crypto exchange has not selected a headquarters yet, but it revealed a seven-member board earlier this month.</p>
<p>Per crypto.news, the board includes CEO Richard Teng, who took over from founder Changpeng Zhao after he resigned late last year at the climax of a multi-year U.S. crackdown.</p>
<p>Also included on the board are top-ranking executives like Heina Chen, Jinkai He, and founding member Lilai Wang. Bayview Acquisition Corp. CEO Xin Wang, and Arnaud Ventura, managing partner at Gojo &amp; CO., were named as two of three external figures.&nbsp;</p>
<p>Former Barbados’ ambassador to the UAE, Gabriel Abed, will chair the board and oversee general operations while reporting to authorities as part of a <a href="https://crypto.news/binance-under-fire-prosecutors-eye-5-year-oversight/" target="_blank" rel="noopener noreferrer nofollow">monitoring program</a> that may last up to five years.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/binance-ceo-company-greater-maturity/" rel="noopener noreferrer nofollow"> Binance CEO says company moving into ‘greater maturity’ </a></p>

Binance US onboards ex-New York compliance chief

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