{"id":154777,"date":"2023-09-13T06:26:17","date_gmt":"2023-09-13T00:56:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=154777"},"modified":"2023-09-13T06:26:17","modified_gmt":"2023-09-13T00:56:17","slug":"binance-us-cuts-third-of-staff-as-ceo-brian-shroder-leaves-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-us-cuts-third-of-staff-as-ceo-brian-shroder-leaves-crypto-news\/","title":{"rendered":"Binance.US cuts third of staff as CEO Brian Shroder leaves &#8211; Crypto News"},"content":{"rendered":"<div data-v-398ae7b2=\"\">\n<p>Binance.US, the United States arm of the crypto exchange has cut around a third of its staff \u2014 or 100 positions \u2014 with its president and CEO Brian Shroder also departing the firm.<\/p>\n<p>A Binance.US spokesperson confirmed the layoffs and Shroder&#8217;s departue to Cointelegraph, adding it took the actions to give the exchange &#8220;more than seven years of financial runway&#8221; amid its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/binance-usd-deposits-withdrawals-moonpay-usdt\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/binance-usd-deposits-withdrawals-moonpay-usdt\/amp\">move to a crypto-only<\/a> exchange.<\/p>\n<blockquote><p>&#8220;The [Securities and Exchange Commission&#8217;s] aggressive attempts to cripple our  industry and the resulting impacts on our business have real world consequences for American jobs and innovation, and this is an unfortunate example of that.\u201d<\/p><\/blockquote>\n<p>The spokesperson confirmed Shroder was replaced on an interim basis by chief legal officer Norman Reed.<\/p>\n<p>Shroder joined Binance.US in September 2021 and his departure comes amid a slew of regulatory action taken against the firm in recent months.<\/p>\n<p><strong><em>Related: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/binance-executive-denies-ftx-comparisonss\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/binance-executive-denies-ftx-comparisonss\/amp\">Binance\u2019s Richard Teng denies FTX comparisons: \u2018We welcome the scrutiny\u2019<\/a><\/em><\/strong><\/p>\n<p>Earlier this year, the SEC and the Commodity Futures Trading Commission sued Binance, Binance.US, and the exchange&#8217;s co-founder <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/top-people-in-crypto-and-blockchain-2023\/changpeng-zhao\">Changpeng &#8220;CZ&#8221; Zhao<\/a> alleging it operated an illegal exchange, sold unregistered securities, violated commodities laws and mishandled customer funds.<\/p>\n<p class=\"post-content__disclaimer\">Update (Sep. 13, 12:30 am UTC): This article has been updated with a comment from a Binance.US spokesperson. <\/p>\n<p><strong><em>Magazine: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/deposit-risk-crypto-exchanges-money\/\">Deposit risk: What do crypto exchanges really do with your money?<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance.US, the United States arm of the crypto exchange has cut around a third of its staff \u2014 or 100 positions \u2014 with its president and CEO Brian Shroder also departing the firm. A Binance.US spokesperson confirmed the layoffs and Shroder&#8217;s departue to Cointelegraph, adding it took the actions to give the exchange &#8220;more than [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":154778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-154777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=154777"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154777\/revisions"}],"predecessor-version":[{"id":154780,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154777\/revisions\/154780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154778"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}