Binance.US has appointed compliance lawyer Stephen Gregory as its new Chief Executive Officer, the company announced. Gregory, a former compliance chief at exchanges including CEX.IO and Gemini, took over the role on March 9 from former CEO Norman Reed. The leadership change comes as the U.S.-based crypto exchange, which recently saw a major SEC lawsuit dismissed, signals plans to re-expand its services and product offerings for American investors.
The U.S. affiliate of crypto exchange Binance has named compliance lawyer Stephen Gregory as CEO as the company looks to re-expand in the country. The company stated that Gregory took over from former CEO Norman Reed on March 9, who will now serve in an advisory role.
Gregory is the former CEO of crypto exchange Currency.com and previously served as compliance chief and counsel at CEX.IO and as a compliance officer for Gemini. “I am honored to lead the Binance.US team as we write the next chapter for the best platform for U.S. crypto investors,” Gregory said.
“The Binance.US brand is extremely powerful, with a founder, Changpeng Zhao (CZ), who has continuously advocated to make the US the crypto capital of the world.” Binance.US was sued by the Securities and Exchange Commission in 2023, alleging it failed to register as an exchange, among other charges.
However, the SEC dismissed its case against the company with prejudice in May. The dismissal added to one of many crypto enforcement actions the agency has recanted under U.S. President Donald Trump’s administration.
It was just over a year ago that Binance.US reinstated U.S. dollar deposits and withdrawals after operating as a crypto-only exchange. The past year has also seen the company launch products to expand its rewards and staking offering.
Binance.US said it plans to continue expanding its crypto staking product and will introduce services around decentralized finance and tokenized assets. It follows other crypto exchanges that have begun to offer products outside of solely trading.
