Former Ripple General Counsel Norman Reed is now CEO of Binance US!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 17, 2023 16:32

Norman Reed, the former general counsel of Ripple, has been designated as the interim CEO of Binance US. This move comes after Brian Brooks resigned from the post after serving for just three months. However, some experts view this as a survival tactic for the exchange rather than a growth strategy. Reed played a crucial role in the 2015 settlement between Ripple and the US Department of Justice, which helped Ripple avoid potential litigation. Let’s hope well for Binance too.