Stephen Gregory, a former CEX.IO and Gemini compliance executive, has taken over as CEO of Binance.US, the cryptocurrency exchange that was once the target of a lengthy SEC lawsuit.
Binance.US, the US subsidiary of crypto exchange Binance, has appointed compliance lawyer Stephen Gregory as CEO as the company looks to expand again in the country.
The company said on Wednesday that Gregory took over from former boss Norman Reed, who will now serve in a consulting role, effective March 9.
Gregory is the former CEO of the crypto exchange Currency.com and previously worked as the Head of Compliance and Consultant at CEX.IO and as the Compliance Officer for Gemini.
“I am honored to lead the Binance.US team as we write the next chapter for the best platform for US crypto investors,” said Gregory. “The Binance.US brand is incredibly strong, with founder Changpeng Zhao (CZ) consistently advocating for the US to become the cryptocurrency capital of the world.”
Binance.US once sat in legal hot water for years after the Securities and Exchange Commission sued it in 2023, alleging that it was not registered as an exchange, among other charges.
However, the SEC dismissed its case against the company with prejudice in May, adding to one of many crypto protection actions the agency has dropped during the administration of US President Donald Trump.
Binance.US refers to extensive offers
It was also just over a year ago that Binance.US resumed USD deposits and withdrawals after being sued by the SEC as a crypto-only exchange.
related to: Binance sues Wall Street Journal over DOJ Iran investigation report
The past year has also seen the company launch products to expand its rewards and staking offer, as well as a referral program.
Binance.US said in its latest announcement that it plans to continue expanding its crypto staking product and introduce services around decentralized finance and tokenized assets.
It follows other crypto exchanges that are starting to offer products outside of trading, offering digital assets linked to stocks and attracting customers with different ways to generate income.
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