Damn! Why Are Many Key People of Binance US Resigning?

<p>&nbsp;"Hmm if everything stops, who will be left?"</p><p><br /></p><p>After Binance US Chief Executive Officer (CEO) Brian Shroder stepped down, the crypto exchange experienced another significant change in its leadership as Krishna Juvvadi who was Chief Legal Officer and Chief Risk Officer Sidney Majalya also left his role.</p><p><br /></p><p>The situation at Binance US is huge as the shutdown has seen a third of the company's workforce let go.</p><p><br /></p><p>It's widely known that some of its executives have experienced backlash as Binance US is currently grappling with increased scrutiny from the Securities and Exchange Commission (SEC).</p><p><br /></p><p><br /></p><p>A lawsuit filed in June 2023 by the SEC has charged Binance and CEO Changpeng Zhao (CZ) with several violations, among them operating as an unregistered crypto exchange.</p><p><br /></p><p>In a statement, a spokesperson for Binance US revealed the SEC's aggressive moves against US jobs and innovation, but neither Juvvadi nor Majalya appeared to comment on inquiries from the Wall Street Journal.</p><p><br /></p><p>The change also comes shortly after the previous departure of key executives such as Global Product Leader named Mayur Kamat and Patrick Hillmann who is the Chief Strategy Officer.</p><p><br /></p><p>So here it can be seen that the current turmoil has put Binance US in a critical situation, therefore the crypto market including crypto exchanges should closely watch the development for a few more months.</p>