Grant has more than three decades of regulatory, legal and compliance experience, including his tenure at the Federal Reserve Bank of New York.

Seasoned Professional

Prior to joining Binance.US, Grant served as the Global Head of Regulatory Affairs and Integrity at JST Digital, where he was primarily responsible for ensuring regulatory compliance and engaging with global regulators in the ever-changing digital asset landscape. He previously served as Chief Compliance and Ethics Officer at the New York Fed for 17 years, an experience that underscored his deep understanding of regulatory frameworks and enforcement.

The addition of a director of Martin's caliber to the Binance.US Board of Directors is a reflection of the strength of our business and our commitment to maintaining the highest standards," said Norman Reed, Binance.US Interim CEO. compliance and integrity. We look forward to benefiting from his expertise and advice as we continue to address the current regulatory environment and prepare Binance.US for long-term growth and success."

Speaking about his new role, Grant said: "The U.S. digital asset industry is at an inflection point, and I'm excited to help guide the future of one of the country's most influential, customer-focused cryptocurrency platforms."

Grant holds a B.A. in Political Science from Princeton University and a J.D. from Harvard Law School. He currently serves as Chairman of the Conference Board's Global Business Conduct Council. He also participates in the Compliance Committee and the External Relations Committee of the Association of the Bar of the City of New York.

Layoffs and Financial Losses

Binance.US faces significant regulatory challenges , forcing cryptocurrency exchanges to drastically reduce their workforce in the face of massive asset losses. This trend comes after the U.S. Securities and Exchange Commission (SEC) took legal action against the company.

The SEC accused Binance.US of failing to adequately respond to its requests, leading to a series of consequences that affected its operations and finances. The SEC's lawsuit against Binance includes its global and U.S. subsidiaries, as well as former CEO Changpeng Zhao. The allegations include mishandling customer funds and offering unregistered securities.