Binance’s privately held co-founder and chief marketing officer (CMO) Yi He commented on the company’s regulatory position in an interview published by Binance. bloomberg upon June 28th.
Yi He talks about regulation
Commenting on regulatory challenges in several interviews, Yi He said:
“If [regulators] You have really taken the time to understand our industry, so if Binance is not compliant, you will find that virtually no other global trading platform or offshore company is compliant. “
She said that Binance respects regulators whether they support or oppose cryptocurrency development. Regulation is generally aimed at protecting investors, she said, and regulation is “globally inevitable,” she said.
bloomberg He emphasized the close relationship between Yi He and Binance CEO Zhao Changpeng, revealing that the two have a roommate-like relationship and have a child together. Interviewers said this could create a conflict of interest within the company’s management, but emphasized that Yi He and Zhao head different divisions of the company.
In particular, Yi He heads the Binance team that decides which crypto tokens Binance will list, but Bloomberg described the group as “extremely secretive, with few insiders knowing its members. No.”
Bloomberg also said Yi He is now the head of Binance’s venture capital arm, Binance Labs, where she is integral to the growth of BNB Chain and oversees the company’s institutional business and acquisitions. Stated.
Interviewed during SEC charges
bloomberg He also pointed out that the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance. Only one interview was conducted before the charges were filed.
bloomberg In the SEC lawsuit, Changpeng Zhao observed that he named Yi He as one of the people involved in the process that allowed US users to circumvent exchange restrictions.
As the SEC asserted elsewhere in the lawsuit, Yi Ho did not comment on interviewers’ questions about whether market makers associated with Zhao Changpeng traded with U.S. companies and manipulated volumes. rice field. He also said that Binance did not misuse user funds or use BNB tokens as loan collateral.
Bloomberg said Yi He, who has “millionaires” as an early shareholder, could have his fortune affected by the outcome of the lawsuit.
Also in the interview, Yi He said that he has not acted as a key representative of Binance so far due to his limited English. She acknowledged that interaction with Western journalists could strengthen the view that Binance is a Chinese company. Binance has repeatedly denied that it is based in or maintains ties with China.
An article in which Reclusive Binance co-founder Yi He talks about the SEC lawsuit first appeared on CryptoSlate.