Wall Street Journal
Recently, there have been special reports on the cryptocurrency exchange Binance by the Wall Street Journal. Apart from emphasizing the gradually emerging position of co-founder He Yi in Binance, there isn’t much new information about He Yi.
Table of Contents:
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Resignation of Zhao Changpeng and the Rise of He Yi
He Yi: The New Defender of Binance’s Inheritance
“He Yi Version of Binance”: Controversial Strategies and Future Regulatory Challenges
Maintaining Binance’s Dominant Position in the Cryptocurrency World
US Department of Justice Also Discussed “He Yi’s Departure”
He Yi’s Resolute Vision
According to the Wall Street Journal, Zhao Changpeng (CZ) recently pleaded guilty to violating anti-money laundering laws in the United States, bidding farewell to his leadership role in Binance. This major change requires co-founder He Yi, who is both a key assistant and life partner, to guide the exchange through these challenging times. Despite the legal controversies linking Binance to illegal international fund transfers, He Yi remains calm and determined.
The Wall Street Journal states that the 37-year-old He Yi quickly took over Zhao Changpeng’s responsibilities. On the one hand, she defends Binance’s reputation against criticism, and on the other hand, she balances her role as a mother to Zhao Changpeng’s three children. Her recent active participation in public events, staunch defense of Binance on social media platforms, and collaboration with newly appointed CEO Richard Teng all indicate her growing influence within the company.
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Richard Teng, He Yi AMA | No Listing Plans for Binance, He Yi Holding BNB
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The Wall Street Journal states that He Yi’s strategy is seen by some as resistance to regulation, which has attracted criticism, especially considering Binance’s record $4.3 billion fine and ongoing legal disputes with the Securities and Exchange Commission (SEC). However, in Zhao Changpeng’s absence, she, as the largest shareholder, wields significant power and has a crucial influence on the exchange’s marketing and investment decisions.
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Binance Founder Zhao Changpeng Agrees to Resign, Plea Bargain, Binance Fined $4.3 Billion
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Despite setbacks, Binance remains a dominant force in the cryptocurrency market. He Yi’s role in shaping the company’s future, including influencing the selection of a new, mostly independent board of directors, highlights her critical position in the crypto field.
The Wall Street Journal states that Binance and He Yi’s roles within it continue to be closely watched. According to sources, the US Department of Justice had considered requiring He Yi to step down from Binance as part of a settlement agreement. However, this claim has not been confirmed.
He Yi’s resilience and determination in leading Binance through its most challenging phase are evident. She has been involved in many significant decisions, from recruiting new board members to leading marketing strategies, highlighting her core role in shaping the future of this crypto giant. As Binance turns a new page, the crypto world closely watches how He Yi’s leadership will redefine Binance’s destiny in unprecedented challenges.
CZ
Richard Teng
He Yi
Binance
Further Reading
Richard Teng, He Yi AMA | No Listing Plans for Binance, He Yi Holding BNB
Tonight at 8 PM! Richard Teng and He Yi will jointly attend the Binance AMA.