Binance Faces New Opportunities In The US As CZ Plans Potential Comeback After Pardon

Changpeng Zhao, also known as CZ, the co-founder and former CEO of Binance, has sparked discussions about his potential return to leadership roles after receiving a presidential pardon. This development could pave the way for Zhao to consolidate Binance's US operations and resume leadership roles. Industry observers suggest that Binance is exploring options, including integrating Binance.US into its global operations or having its global exchange enter the US market. The company's plans are driven by the growing demand from US institutional investors and investment products. Markus Thielen, CEO of 10x Research, believes that the US affiliate will likely be reintegrated into Binance's global ecosystem, providing US investors with direct access to the platform's deep liquidity and comprehensive derivatives offerings. Attention is now focused on whether Zhao will attempt to reclaim the CEO role he previously stepped away from, although not everyone believes he is eager to return. David Namdar, who manages a BNB treasury company backed by Zhao's family office, thinks that Zhao is operating with more freedom not running the exchange and would be surprised if he stepped back into that role. Industry leaders predict that Zhao's pardon will lead to increased involvement in Binance's operations, with Cosmo Jiang, general partner at Pantera, anticipating that Zhao will become more involved with the company's operations. The pardon may also unlock new opportunities for Binance's global expansion, particularly in Asia where regulatory frameworks impose ownership suitability tests on major shareholders. Overall, the pardon is seen as a positive development for Binance, with the potential to position the company as a dominant player in the American crypto market.