Nikolas Sargeant
Binance.US has appointed compliance lawyer Stephen Gregory as its new CEO, effective March 9, as the US affiliate of global crypto exchange Binance looks to rebuild and expand its domestic presence.
Gregory replaces Norman Reed, who transitions into an advisory role. He brings significant industry experience, having previously served as CEO of crypto exchange Currency.com, compliance chief and counsel at CEX.IO, and compliance officer at Gemini, a background that reflects Binance.US's focus on regulatory credibility as it charts its next chapter.
The appointment comes after a turbulent few years for the exchange. The SEC sued Binance.US in 2023, alleging it had failed to register as a securities exchange, among other charges. The case was ultimately dismissed with prejudice in May 2024, part of a broader rollback of crypto enforcement actions under the Trump administration. Shortly after, Binance.US restored US dollar deposits and withdrawals, having operated as a crypto-only platform throughout the legal proceedings.
Since then, the company has steadily rebuilt its product offering, launching expanded staking and rewards programs alongside a referral initiative. Now, with Gregory at the helm, Binance.US says it will continue growing its staking product and move into decentralized finance and tokenized assets, areas where rival exchanges have also been making inroads as competition for yield-seeking crypto users intensifies.
Gregory struck an optimistic tone on taking the role, highlighting the strength of the Binance brand and founder Changpeng Zhao's ongoing advocacy for the US becoming a global crypto hub. For an exchange that spent years navigating regulatory headwinds, the leadership change marks a clear pivot toward growth.
