Reserve

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2024

April

Former chief compliance and ethics officer at the Federal Reserve Bank of New York, Martin Grant, has joined the board of directors at Binance.US, as per Binance’s <a href="https://blog.binance.us/martin-grant-joins-board/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">announcement</a>.
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 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" data-wpel-link="external">@NewYorkFed</a> Chief Compliance &amp; Ethics Officer, to the <a href="https://t.co/AZwoBOh0gq" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">https://t.co/AZwoBOh0gq</a> board. 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" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/LumyL54R14</a>— Binance.US 🇺🇸 (@BinanceUS) <a href="https://twitter.com/BinanceUS/status/1780221080948572357?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 16, 2024</a>
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Grant accumulates a broad regulatory, legal and compliance experience in the exchange being a part of NY Fed from 2005 to 2022 and joining in 1990. Grant has also been named the Global Regulatory Affairs and Compliance Head at JST Digital, which has become a critical juncture for the U.S. crypto industry.
As the Interim CEO of Binance.US, Norman Reed states, “Martin is a world-class legal and ethical compliance executive with unparalleled experience instituting best practices in compliance, conduct, and governance at the highest levels of government and financial services.”
This development comes after Binance’s recent creation of its own board, with Gabriel Abed as the chairman, who is also a diplomat from Barbados to the UAE.&nbsp;
Previously, the former CEO of Binance, Changpeng Zhao, was the board chairman of Binance.US but he resigned in November 2023 in the course of negotiations with the U.S. authorities and the involvement of the U.S. exchange was excluded.
Since the lawsuit by the SEC against Binance, Binance.US and Zhao was filed in June 2023 for the alleged offer of unregistered securities, these three entities are still fighting the case.&nbsp;
The petition is one of the SEC’s broad efforts to penalize companies like Coinbase and Ripple that are operating in the U.S.
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 Also Read: <a href="https://www.cryptotimes.io/2024/04/10/binance-ceo-addresses-compliance-and-cultural-shift/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Binance CEO Addresses Compliance and Cultural Shift</a>
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Binance.US Appoints Ex-NY Fed Chief to Board Director

The Crypto Times

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