Key Takeaways
- Stephen Gregory, compliance expert and ex-Currency.com CEO, named Binance.US CEO.
- Binance.US launched in 2019 as a U.S.-regulated arm; it faced a 2023 SEC lawsuit alleging unregistered operations
- Platform restored full USD services in 2025 after SEC case dismissal; now focuses on growth & trust
Binance.US has named Stephen Gregory as its new Chief Executive Officer in a bold step toward strengthening its position in the tightly regulated U.S. cryptocurrency market.
Gregory will replace interim leader Norman Reed, who will now serve in an advisory capacity.
Gregory brings a proven track record in compliance, regulatory navigation, and scaling regulated crypto platforms.
Who Is Stephen Gregory, the New Binance.US CEO?
Stephen Gregory is a seasoned attorney and one of the crypto industry’s foremost experts in digital asset compliance and regulation.
His career spans more than a decade of building and scaling compliant cryptocurrency infrastructure.
This makes him ideally suited to guide Binance.US through its next phase of growth.
Before stepping into the top role at Binance.US, Gregory served as U.S. CEO of Currency.com, a prominent cryptocurrency trading platform and digital finance provider.
There, he spearheaded operations and successfully led the company through its 2025 acquisition.
Prior to Currency.com, Gregory held key compliance leadership positions at two other major crypto exchanges.
At Gemini, he played a pivotal role as a compliance officer during the platform’s early U.S. expansion.
Gregory helped establish robust frameworks for anti-money laundering (AML), Bank Secrecy Act (BSA) compliance, and licensing for the exchange.
He later served as Chief Compliance Officer and Corporate Counsel at CEX.io, where he deepened his expertise in regulatory matters, supervisory controls, and cross-border operations.
This depth of experience is particularly valuable now.
As Binance.US aims to expand its Earn suite, staking options, referral programs, and DeFi gateways, Gregory’s track record ensures these initiatives will meet the highest standards of U.S. regulatory compliance.
His leadership signals a clear commitment to transparency, security, and long-term growth in an industry where trust remains paramount.
Binance U.S.: From Ambitious Launch to Legal Challenges
Binance.US’s journey reflects the broader volatility of the U.S. crypto sector, marked by rapid innovation, intense scrutiny, and ultimate resilience.
The platform launched in September 2019 as a fully separate, U.S.-regulated affiliate of the global Binance ecosystem.
Operated by BAM Trading Services Inc. and headquartered in Miami, Florida, it was created specifically to comply with U.S. federal and state laws after Binance restricted U.S. users globally.
Starting with a limited selection of cryptocurrencies available in select states, Binance.US quickly positioned itself as “America’s home to buy, trade, and earn digital assets.”
It emphasized low fees, security, and accessibility, offering users a compliant on-ramp to more than 190 cryptocurrencies today.
Growth was promising until 2023, when regulatory headwinds intensified.
On June 5, 2023, the U.S. Securities and Exchange Commission (SEC) filed a sweeping lawsuit against Binance, Binance.US (BAM Trading), and founder Changpeng Zhao (CZ).
The 13 charges alleged operation of unregistered exchanges, brokers, and clearing agencies; misrepresentation of trading controls and oversight on the Binance.US platform; commingling of customer funds; and unregistered offers of securities.
The suit also claimed that global leadership exerted secret control over the U.S. entity and that it made misleading statements about independence.
The accusations triggered immediate repercussions, as bank partners paused services, forcing Binance.US to suspend USD fiat deposits and withdrawals in June 2023 and temporarily shift to crypto-only trading.
This period tested the platform’s resilience, as it worked to maintain operations amid uncertainty.
Simultaneously, the global Binance entity reached a landmark $4.3 billion settlement with U.S. authorities in November 2023, resolving Department of Justice (DOJ), FinCEN, and OFAC investigations into anti-money laundering and sanctions violations.
A Strong Return?
The turning point arrived in 2025 when Binance.US restored full USD fiat services after nearly two years of restrictions.
In May 2025, the SEC voluntarily dismissed its lawsuit against Binance and its U.S. affiliate with prejudice—meaning the case could not be refiled.
This landmark resolution, combined with clearer regulatory signals and a more crypto-friendly environment, marked the beginning of Binance.US’ resurgence.
Today, the platform is firmly on the path to recovery and expansion. Recent enhancements include the Boost program, advanced staking, and a relaunched referral system.
With Stephen Gregory at the helm, Binance.US is poised for its strongest comeback yet.
The new CEO’s compliance pedigree directly addresses past challenges, while his entrepreneurial vision aligns with CZ’s long-standing advocacy for U.S. crypto leadership.
Industry observers see the hire as a strategic “compliance-first” play.
With U.S. crypto regulations evolving and competition intensifying from platforms like Coinbase and Kraken, Gregory’s expertise positions Binance.US to rebuild trust while driving innovation.
“I am honored to lead the Binance.US team as we write the next chapter for the best platform for U.S. crypto investors to buy, trade, and earn digital assets,” Gregory stated in the official announcement.
He praised founder CZ for championing the vision of making America the crypto capital of the world.
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Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
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