Binance founder Changpeng Chao (CZ) announced that Binance US is considering expansion plans in the US after the US Securities and Exchange Commission (SEC) dropped a lawsuit filed in 2023 during the new administration’s term.
CZ said possible measures 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 the internal team’s evaluation.
In his statement, Mr. Zhao emphasized one point in particular. His comments only applied to Binance US, the US division of Binance, and did not encompass the global Binance platform. This emphasis emphasized the distinction between U.S. operations and international structures.
The SEC lawsuit in 2023 put significant pressure on Binance’s US operations, impacting its banking relationships and market share. The withdrawal of the lawsuit raised hopes that the sector could enter a period of more relaxed regulatory environment.
Analysts note that potential bank consolidation and licensing moves by Binance US could restore competitiveness in the US market, but regulatory uncertainties have not been completely resolved.
*This is not investment advice.
