Binance Considers Re-Entering the US Market, Proposal to Reduce CZ's Shares Emerges—Report

Bloomberg reported on the 17th that cryptocurrency exchange Binance is exploring the restructuring of its US affiliate, Binance US. It is under consideration to reduce the majority shareholding of founder CZ as part of a capital reorganization. CZ's position as a dominant shareholder has been a barrier to business expansion in major states. In October, CZ received a pardon from President Trump. Although he currently holds no official position at Binance, he remains an influential figure, expressing his enthusiasm for the US market. At the beginning of this month's Binance Blockchain Week, he stated, 'Making the US the center of cryptocurrency is my philosophy.' Binance has recently co-founded...