• Binance co-founder Yi He addressed the company’s regulatory standing in a recent interview with Bloomberg, affirming its commitment to abide by global regulations.
• The US Securities and Exchange Commission (SEC) has accused Binance CEO Changpeng Zhao of market manipulation and having ties to market makers.
• Yi He is currently in charge of Binance Labs, the company’s venture capital division; she also oversees Binance’s institutional client business and acquisitions.
Binance Co-Founder Addresses Regulatory Standing
Binance co-founder Yi He commented on the regulatory standing of the crypto exchange, stating that Binance has always supported and respected regulators, emphasizing the global inevitability of regulation. Amid regulatory developments, Binance’s European banking partner Paysafe has announced to withdraw support for the exchange.
Yi He’s Role Within Company Leadership
As reported by Bloomberg, Yi He plays a significant role in selecting which cryptocurrencies to list as part of a highly secretive group within the company. In addition, she is currently in charge of Binance Labs, the company’s venture capital division; she also oversees Binance’s institutional client business and acquisitions.
SEC Accuses Changpeng Zhao Of Market Manipulation
In its lawsuit against crypto exchange Binance, the U.S. Securities and Exchange Commission (SEC) accused Binance chief Changpeng Zhao of his ties with market makers and manipulating the trading volumes at Binance.US. However, Yi He chose not to comment on this matter but affirmed that user funds were not misused or used for loan collateral through their token offering (BNB).
Growing Discount Opportunities For Crypto Investors
Amidst these SEC developments against Biance US investors are looking towards buying opportunities as prices dip due to growing discounts in cryptocurrencies being offered by exchanges like them . Such discounted pricing could potentially open up new investment opportunities for those who are willing to take risks during such uncertain times when it comes to cryptocurrency investments .
Conclusion
Despite regulatory pressures faced by crypto exchanges like Binace US , they remain committed towards abiding by all applicable laws globally while opening up different buying opportunities for investors through discounted pricing .