Binance.US is reportedly considering reducing founder Changpeng Zhao's majority stake in the company to address concerns over regulatory compliance and improve its standing with US regulators. The move comes amid increased scrutiny of the global crypto exchange industry and ongoing regulatory crackdowns. Binance.US executives are in talks with CZ to determine how much of his stake will be reduced, but it is believed that reducing his ownership stake is necessary to obtain the licenses required to operate legally in the US. By distancing itself from CZ's contentious reputation, Binance.US hopes to ease authorities' fears and better compete with other US exchanges.
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