The Journal said that the crypto company talked to Gensler while he was teaching at the Massachusetts Institute of Technology in 2018 and 2019. Binance tried to avoid U.S. regulatory scrutiny with a bare-bones American platform that it said was wholly separate from its more complex global operation. Zhou wrote in the conversation after Gensler declined the advisor position, “I observe that while Gensler declined advisor-ship, he was generous in sharing license strategies.”According to a Binance employee, if the Democrats win the 2020 election, Gensler would undoubtedly be back in his post as a regulator. The second encounter between Gensler and Binance founder Changpeng Zhao was in March 2019 in Tokyo. The report emphasises the connection between Binance and its American branch, Binance.

Source: Wall Street Journal March 06, 2023 23:04 UTC