Martin Grant, who previously held the position of chief compliance and ethics officer at the Federal Reserve Bank of New York, has been named to the board of directors at Binance.US, according to a recent announcement from the company.
It’s a pleasure to announce the addition of Martin C. Grant to our board. With his extensive background in regulation, law, and compliance spanning over three decades in both government and the digital assets sector, Mr. Grant will bring invaluable insights to our team as he continues to contribute.
— Binance.US 🇺🇸 (@BinanceUS) April 16, 2024
Grant gained extensive regulatory, legal, and compliance knowledge during his tenure at the New York Fed from 1990 to 2022. More recently, he assumed the role of Global Regulatory Affairs and Compliance Head at JST Digital, a significant position within the U.S. crypto industry.
In his capacity as Interim CEO of Binance.US, Norman Reed expresses that Martin possesses exceptional expertise in legal and ethical compliance, having established superior compliance procedures, conduct, and governance structures at prestigious governmental and financial organizations.
After establishing its own board, chaired by Gabriel Abed – a Barbadian diplomat in the UAE, this new development occurs for Binance.
Prior to November 2023, Changpeng Zhao, the ex-CEO of Binance, held the position of chairman on the board of Binance.US. However, during discussions with US regulators, he stepped down from this role and Binance.US was subsequently excluded from involvement in Binance’s operations.
After being sued by the SEC for accusations of selling unregistered securities in June 2023, Binance, Binance.US, and Zhao have been engaged in an ongoing legal battle.
“The SEC’s petition is part of its wider initiative to impose penalties on businesses such as Coinbase and Ripple for their operations within the United States.”
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2024-04-17 08:20