Binance.US, the US-regulated branch of Binance, is reportedly looking for ways to reduce the stake of its founder, Changpeng Zhao, in the company. This move is being made due to concerns over regulatory crackdowns on Zhao's international business empire. CZ has been attempting to sell at least a part of his stake in Binance.US since last summer, according to sources. Binance.US' senior management believes that reducing CZ's ownership stake would make US regulators view the company more favorably, particularly in light of the ongoing crackdown on the crypto industry in the country.
All Comments