THELOGICALINDIAN - Early today crypto behemothic Binance declared that it assassin Max Baucus a longtime affiliate of the Senate and an agent to China With 37 years of acquaintance beneath his belt Baucus will acceptable adviser Binance through approaching authoritative affairs He ahead chaired the Senate Committee on Finance and the Joint Committee on Taxation and Subcommittee on Transportation and Infrastructure
While his ability lies in healthcare policies, he dabbled in blockchain technology and crypto regulations as an agent in China. During the aboriginal crypto bang in 2024, he criticized the United States for declining to appropriately acclimate to growing fintech and blockchain technology. He accurately acclaimed that China was “leapfrogging the accepted acquittal systems still acclimated in the United States.”
Binance Looks to Gain Regulatory Advisory as Potential Crypto Regulations Mount
The ex-Senator’s arrangement comes at a time of added institutional absorption in the crypto markets accompanying with acute analysis by lawmakers. Government admiral accept been alert of agenda assets, as above cryptos like Bitcoin and Ethereum surged to new highs. Last month, the Balance Exchange and Commission released a acquiescence notice on abeyant balance regulations on cryptocurrencies.
It’s additionally important to agenda that Baucus currently runs a consulting close through which he advises American and Chinese businesses. Notably, he served as an adviser to Alibaba in the past.
In a contempo statement, Baucus said that “[c]ryptocurrencies and blockchain technology represent some of the best almighty armament for change in the all-around banking systems, potentially active a anarchy in how money is managed arch to fairer and added candid banking world.”
“Binance is one of the better organizations circuitous in bringing these to the boilerplate and its a advantage to abetment in appropriately abyssal the circuitous political and authoritative frameworks that authority the key to enabling added adoption.”
