Former New York Fed Compliance Chief Joins Binance.US Board of Directors

The cryptocurrency exchange Binance.US has made a strategic move by appointing Martin Grant, a former chief compliance and ethics officer from the Federal Reserve Bank of New York, to its board of directors. Grant, who brings with him over three decades of regulatory, legal, and compliance experience, will play a key role in helping Binance.US navigate the complex regulatory landscape in the United States.

In a blog post announcing the appointment, Binance.US highlighted Grant’s extensive experience in government and the digital assets industry, particularly during his time at the New York Fed. Grant expressed his excitement about joining the board, stating that he is looking forward to guiding the future of one of the country’s most influential and customer-centric crypto platforms.

This move comes at a crucial time for Binance.US, as the company faces enforcement action from the Securities and Exchange Commission for allegedly offering unregistered securities to American investors. The appointment of Grant is seen as a strategic step towards strengthening the company’s compliance and regulatory efforts.

The addition of Grant to Binance.US’s board of directors follows the recent establishment of a board for the global Binance exchange, chaired by Gabriel Abed. The cryptocurrency industry is rapidly evolving, and having experienced professionals like Grant on board will be crucial for navigating the challenges and opportunities that lie ahead.