AdExplosive new revelations published by the Wall Street Journal claim that Binance and Binance U.S. are more intertwined than previously thought. The report is based on Telegram chats reviewed by the WSJ between 2018-2020, in addition to supplementary interviews the WSJ conducted with unnamed Binance/US staff. Binance had expressed interest in having Gary Gensler as an advisorThe WSJ reports that Binance proposed having SEC Chair Gary Gensler serve as an advisor, but the proposal was rejected. However, Gensler did share some “license strategies” with the former head of Binance Labs, Ella Zhang, and Binance employee Harry Zhou. BAM Trading and VPNsIn June 2019, Binance announced the establishment of Binance.US in partnership with BAM Trading, a firm that would license Binance’s brand and technology.

Source: Wall Street Journal March 06, 2023 00:47 UTC