Zhao Changpeng: Brian Shroder has completed his two-year work goals, and the new CEO will be more suitable for the current regulatory environment

ChainCatcher news, Binance CEO Changpeng Zhao stated on social media that there are some speculations regarding the recent management changes at Binance.US. Brian Shroder has accomplished the goals he set when he joined the company two years ago, and now he should take a well-deserved break. Under his leadership, Binance.US raised funds, improved products and services, strengthened internal processes, and gained a significant market share, all of which contributed to building a more resilient company that benefits customers.

Changpeng Zhao further stated that the crypto market is now in a different position, with a rapidly evolving and increasingly unfavorable regulatory environment. Former SEC, New York Federal Reserve Bank, Ripple, and DTCC executive Norman Reed is the best candidate to lead Binance.US.