Binance.US Appoints Former NY Federal Chief Compliance Officer to Board of Directors

Binance.US, one of the leading cryptocurrency exchanges, has made a significant move by appointing Martin Grant, a seasoned veteran in the financial and digital asset landscape, to its Board of Directors. Grant, who previously served as the New York Federal Chief Compliance and Ethics officer, brings over 30 years of experience to the table.

This appointment comes at a crucial time for Binance.US, following a regulatory debacle with the U.S. SEC and a hefty $4.3 billion plea agreement. Grant’s expertise is expected to strengthen best practice enforcement and conduct within the embattled crypto giant.

In a statement, Grant expressed his excitement about guiding the future of Binance.US, emphasizing the importance of connecting Americans to the digital asset industry in a safe, responsible, and compliant manner. His appointment marks a significant step for the American digital asset industry.

This move also coincides with the formation of Binance’s first-ever Board of Directors, as part of the terms agreed with the U.S. Justice Department. The board includes CEO Richard Teng, along with top-ranking executives and external figures. Gabriel Abed, former Barbados’ ambassador to the UAE, will chair the board and oversee general operations.

Overall, Grant’s appointment and the establishment of the board signal a new chapter for Binance.US as it navigates regulatory challenges and strives to maintain its position as a leading crypto platform in the United States.