---
title: "Binance Founder CZ Leaves Binance.US Board After Regulatory Settlements"
url: https://diffcoin.com/binance-founder-cz-leaves-binance-us-board-after-regulatory-settlements/
description: "Binance founder CZ steps down from Chairman position at Binance.US following settlements between the parent company and US agencies."
published: 2023-11-28
updated: 2023-11-28
author: "Mila"
site: "Diffcoin"
---

# Binance Founder CZ Leaves Binance.US Board After Regulatory Settlements

#### Share this article

Changpeng “CZ” Zhao, founder of the largest crypto exchange in the world, Binance, has stepped down from his role as Chairman of the Board of Directors at Binance.US, the US affiliate of the company, according to an announcement by Binance.US today.

> We wanted to provide an update to the community in light of last week’s news regarding CZ and
> 
> As you know, was launched with the express purpose of serving United States customers in accordance with all…
> 
> — Binance.US 🇺🇸 (@BinanceUS) [November 28, 2023](https://twitter.com/BinanceUS/status/1729530641526435859?ref_src=twsrc%5Etfw)

In transitioning away from Binance, CZ has exited his governance role at Binance.US. He has transferred his voting rights to a proxy arrangement where he maintains only an economic interest in the business.

CZ has served as Chairman of the Binance.US Board since the exchange was founded in 2019. The company expressed gratitude for his years of guidance in establishing Binance.US as a top US crypto trading platform.

Binance.US will continue to be led by ex-SEC member Norman Reed and its current management team. The company says it remains well-capitalized and energized to continue building out its platform and mission of making crypto more accessible.

Binance.US was created to serve US crypto traders in compliance with American regulations. While the US exchange shares branding and technology with the global Binance platform, Binance.US operates independently.

Last week, Binance reached settlements with US authorities including the Department of Justice, FinCEN, and OFAC related to allegations that Binance violated US anti-money laundering laws and sanctions policies. Binance.US was not involved in these settlements nor does it have any outstanding enforcement issues with US agencies.

#### Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

[Source link](https://cryptobriefing.com/binance-founder-cz-leaves-binance-us-board-regulatory-settlements/?utm_source=feed&utm_medium=rss)