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Binance founder Changpeng Zhao (CZ) announced that Binance US is evaluating its expansion plans in the US after the US Securities and Exchange Commission (SEC) withdrew the lawsuit it filed in 2023 during the new administration’s term.
CZ stated that possible steps could include establishing deeper banking partnerships and applying for new licenses if deemed necessary. However, he emphasized that these processes depend on both the legal framework and internal team assessments.
In his statement, Zhao specifically highlighted a point: his comments applied only to Binance US, the US arm of Binance, and did not encompass the global Binance platform. This emphasis underscored the distinction between the US operations and the international structure.
The SEC’s 2023 lawsuit placed significant pressure on Binance’s US operations, impacting its banking relationships and market share. The withdrawal of the lawsuit has raised expectations that the regulatory environment in the sector may be entering a more relaxed period.
Analysts note that potential banking integrations and licensing moves by Binance US could restore its competitiveness in the US market, but regulatory uncertainties have not been completely eliminated.
*This is not investment advice.
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