Binance is reportedly considering a strategic corporate governance restructuring to re-enter the US market. During this process, co-founder CZ's (CZ) controlling stake may be diluted.
Bloomberg, citing multiple sources, reported that CZ excessively high shareholding is a "major obstacle" hindering his expansion of business across various U.S. states. The report added that discussions are still in the early stages, specific plans have not yet been finalized, and internal discussions are ongoing.
To strengthen its position in the US, Binance is also considering strategic partnerships with local businesses. BlackRock, the world's largest asset manager, and World Liberty Financial (WLFI), a decentralized finance platform, are considered strong candidates. WLFI is reportedly a project associated with President Donald Trump.
Rumors about Binance's return to the US spread rapidly after CZ received a pardon from President Trump last October. At the time, official statements from some cryptocurrency industry figures and CZ himself lent credibility to these claims. Immediately after receiving the pardon, CZ stated that he would "do his utmost to make the US the cryptocurrency capital" and "contribute to the global promotion of Web3."
Amidst intertwined regulatory risks and image repair issues in the United States, Binance's move is seen as an attempt to solidify its "legitimacy and trust" through this restructuring and partnership strategy. Whether CZ's equity will be diluted, and what impact his indirect connections with the Trump administration will have, remain to be seen and warrants close attention.
🔎 Market Analysis
Binance's push to adjust CZ control is aimed at ensuring regulatory acceptability and political flexibility in the US market. Following President Trump's pardon, Binance's pro-US strategy has become even more apparent, and its US-centric activities are expected to intensify in the competition for Web3 dominance.
💡 Strategic Highlights
The consideration of diluting CZ shareholding may be a prior adjustment to reduce regulatory burden.
- The partnerships with BlackRock and WLFI are an attempt to strengthen ties with US institutional investors and political forces.
- In the context of geopolitical competition surrounding the Web3 ecosystem, Binance is repositioning itself.
📘 Terminology Explanation
WLFI: A decentralized finance platform, described as a project associated with President Trump.
Pardon: A measure by which the president or other supreme authority exempts or reduces the punishment of criminals.
CZ: Co-founder of Binance, and a leading figure in the global cryptocurrency industry.
TP AI Precautions
This article uses a language model based on TokenPost.ai for article summarization. The main content of the text may be omitted or may not be factual.
