Binance chief executive Changpeng Zhao has said the company intends to pull back on potential investments in the US, as US regulators expand their crackdown on crypto companies.
Zhao, the sprawling crypto group’s co-founder, said in a tweet on Friday that Binance has “pulled back on some potential investments, or bids on bankrupt companies in the US for now”.
The announcement comes as the Securities and Exchange Commission has launched a number of enforcement actions aimed at big companies in the digital assets space, including exchanges Gemini and Kraken. New York regulators also recently halted the issuance of BUSD — a dollar-pegged token that carries Binance branding and is the third-largest of its kind in the crypto market.
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