Binance's Powerful Co-founder Yi He Breaks Silence Amidst Regulatory Turmoil

Jun 29, 2023

By Andrew Throuvalas | @andrew-throuvalas

Despite a long history spent away from the public spotlight, Binance co-founder and senior executive Yi He is finally speaking up as two of the United States’ chief market regulators sue her company.

In an interview with Bloomberg last month in Dubai, she argued that Binance is a greater ally to regulatory compliance than virtually any other company in the global crypto industry. 

“If they really took the time to understand our industry, they would see that if Binance isn’t compliant, then practically no other global trading platform or offshore company is,” she said. 

He’s comments came two months after the Commodities and Futures Trading Commission (CFTC) lawsuit against her exchange, right before another case from the Securities and Exchange Commission (SEC) earlier this month.

Both lawsuits alleged that Binance engaged in forms of market manipulation while also secretly serving customers within the United States from its international platform, among other things. 

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