Bloomberg: CZ Back in the Spotlight, Binance Reassesses Strategy for US Market Reentry

BlockBeats News, December 17th, according to Bloomberg, Binance founder CZ is once again demonstrating his influence in the cryptocurrency industry. With U.S. President Trump shifting to a more crypto-friendly stance, CZ has been openly praising related policies and sending positive signals to the U.S. market.

Insiders say that Binance has been exploring a plan to relaunch Binance.US, including a possible capital restructuring that would reduce CZ's ownership. Insiders also mentioned that if Binance acquires part or all of CZ's shares, a new leadership team could be appointed to pursue growth-promoting business strategies and leverage its political connections in Washington.

Furthermore, according to insiders, Binance has been seeking to establish a closer partnership with BlackRock, the world's largest asset management company.