Richard Teng, He Yi AMA | Binance has no plans for listing, He Yi holds a lot of BNB

Binance's AMA conducted in Chinese will take place tonight at 8 p.m., with newly appointed CEO Richard Teng and co-founder He Yi in attendance.

8 p.m. tonight! Richard Teng and He Yi will jointly attend Binance's AMA

Richard Teng: Settlement is Positive, Compliance is the Trend

Richard Teng started by mentioning that he usually converses in English, but regardless, he is pleased to be able to communicate with the crypto community.

He mentioned that it was with the support of CZ and senior executives at Binance that he was fortunate enough to take on the role of CEO. When asked about the impact of the massive fine on Binance, his response was similar to previous interviews, emphasizing the abundance of funds.

Fortune interviews Richard Teng, leading Binance's transformation into a traditional financial company through regulatory advantages

No Plans for Binance to Go Public

Richard Teng stated that Binance has ample funds and no plans to go public, focusing instead on serving users and product innovation.

Hao Yi Holds BNB in Full

Both Hao Yi and Richard Teng expressed belief in the four-year cyclical nature of the crypto bull market. Hao Yi mentioned that he has never touched the full BNB he holds; Richard Teng emphasized that the current institutional layout is more comprehensive than before and is very optimistic about the crypto market in the coming years.

Department of Justice Inspector Not "Taking Over Binance"

In response to a question, it was pointed out that the inspector inserted by the government in the settlement agreement in the coming years is not a government official taking over Binance, but rather an independent lawyer from a third party conducting judicial reviews.

Hao Yi: CZ is Just Stepping Down, Not Going to Hell, He is Still with Us

When responding and elaborating, Hao Yi mentioned the following.

Richard is More Suitable for the CEO Role

Hao Yi believes that Richard is more suitable for the CEO role, such as in communication with regulators, license applications, and other aspects.

Room for Improvement in All Aspects of Binance

Binance has not made many layouts in races like BRC20, considering the possibility of limited heat in areas such as NFTs.

Why is the SEC not included in this settlement agreement?

Hao Yi slightly corrected the question, pointing out that many people think the SEC is the largest regulatory agency in the U.S., but in reality, both the SEC and CFTC can only file civil lawsuits, while the Department of Justice can escalate to criminal lawsuits. In comparison, the Department of Justice is the largest regulatory agency, and Binance has reached a settlement with them.

She also mentioned that they have not been able to reach a consensus with the SEC and will continue with the previous litigation process.

SEC Still Seeking to Prove Binance's Fraud and Misappropriation of Assets in the U.S., Judge Urges to Stop Investigation: Enough