Binance.US Contemplates Lowering Founder Changpeng Zhao’s Stake Amid Regulatory Concerns

Binance’s US-regulated branch Binance.US is reportedly seeking ways to reduce Binance founder Changpeng Zhao’s stake in the company due to concerns over a regulatory crackdown on Zhao’s international business empire. To reduce the perceived regulatory risk in the US, Changpeng Zhao, better known as CZ, has tried to sell at least a part of his stake in Binance.US, The Information reported on Thursday, citing two sources “familiar with the matter.”... Read More: Binance.US Contemplates Lowering Founder Changpeng Zhao’s Stake Amid Regulatory Concerns