Binance se Une a Cámara de Comercio Digital, Lobby de Criptomonedas de EE.UU.

Binance is ramping up its regulatory efforts in the US. Today, the world’s largest cryptocurrency exchange by trading volume announced that it has partnered with American lobby group the Digital Chamber of Commerce to “help establish policies that benefit and protect users.” Announced.

Binance, which will join the group’s executive committee, said it will work to “educate, advocate and provide solutions” to help shape cryptocurrency regulation in the United States.

The Digital Chamber of Commerce claims to be the world’s largest such body, engaging public officials in the use of digital assets and blockchain-based technology.

Binance’s US entity, Binance.US, joined the group last year. Other notable members are traditional financial firms such as Citi, Visa and MasterCard, and cryptocurrency industry players such as Dapper Labs, Ripple and Circle.

“As an organization at the heart of the industry’s rapid growth and complex regulatory environment, it is imperative for Binance to work with policy makers, regulators, and industry groups like the Chamber of Commerce,” said Joanne Kubba of the company in a statement. said:

Binance’s decision comes as US lawmakers try to figure out how to regulate cryptocurrencies. The monumental collapse of cryptocurrency exchange FTX in November sent alarm bells to politicians after the company’s clients, many of them from the United States, lost billions of dollars in crypto assets.

As reported, US authorities are considering criminal charges against Binance. Reuters Early this month. The potential indictment is related to an investigation that began in 2018 and focused on Binance’s compliance with anti-money laundering laws and penalties.

Binance also played a key role in the collapse of FTX. CZ has announced that he will sell his holdings of FTT, the exchange’s native FTX token. The move caused a liquidity crisis. He went on to say that Binance signed a non-binding agreement to acquire FTX to help its clients, but pulled out the next day after seeing the extent of FTX’s problems.

A few days later, FTX filed for bankruptcy, destroying the entire cryptocurrency market, including several companies exposed to giants. This kind of contagion began with the collapse of Terra in May and defined the year for cryptocurrencies.