Binance.US CEO Resigns Amid SEC Complaints and Lawsuit.
The SEC's latest complaint against Binance could explain why former Binance.US CEO Brian Brooks resigned in August 2021, only three months after his appointment. The complaint cites an "unnamed source" who ran Binance.US for a brief period in 2021, which correlates with the time Brooks was CEO. Brooks reportedly realized he was "not actually the one running this company" and decided to leave. The news comes as the SEC presses 13 charges against Binance for allegedly operating illegally in the US. The price of cryptocurrencies, including Bitcoin and Ether, and shares of publicly-traded crypto companies in the US, such as Coinbase, have witnessed a sharp decline in price. Analysts believe that Coinbase could be the next target of SEC enforcement.