Compliance lawyer Stephen Gregory has been appointed as the CEO of the US affiliate of the Binance crypto exchange, Binance.US. The former CEO, Norman Reed, left the chair on Wednesday, March 9, but will continue to serve Binance. US in an advisory role, according to the company.
Stephen Gregory Takes the Helm
Gregory served as the former CEO of the crypto exchange Currency.com and previously served in positions at both CEX.IO and Gemini.
I am honored to lead Binance. US team, as we write the next chapter for the best platform for US 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,” he added.
The backdrop for the regulatory scrutiny
The hiring has been a thoughtful decision made on behalf of the exchange to help navigate Washington’s regulatory maze. Given Gregory’s track record, he has previously managed comparable challenges at the traditional finance level that operated under the supervision of federal banking regulators.
The company has been in crisis after the resignation of the previous leadership under Brian Brooks, who left in 2024 over what the company called “strategic differences.” Binance.US dealt with legality concerns for years after the Security and Exchange Commission sued them in 2023, claiming that they didn’t register as an exchange alongside other charges.
Binance also reinstated the US dollar deposit and withdrawal services after the SEC lawsuit in 2023, where the regulatory pressure and banking partners backed out. As a result, the platform temporarily became a crypto-only exchange where the users couldn’t convert the crypto to fiat using the exchange.
