The Wall Street Journal: Cryptocurrency Queen "He Yi" Firmly Rules Amid Legal Storm at Binance

The Wall Street Journal recently published a special report on the exchange Binance, highlighting the emerging dominance of co-founder He Yi within Binance. However, there were not many new stories about He Yi aside from this.

Zhao Changpeng's Resignation and the Rise of He Yi

The Wall Street Journal reported that Zhao Changpeng, CZ, recently pleaded guilty to violating anti-money laundering laws in the United States, bidding farewell to his leadership role at Binance. This significant change has put the co-founder He Yi, who is also Zhao's main deputy and life partner, in the position to navigate the challenges facing the exchange. Despite legal controversies implicating Binance as a conduit for illegal international fund transfers, He Yi remains composed and resolute.

He Yi: The New Defender of Binance's Legacy

The Wall Street Journal stated that the 37-year-old He Yi swiftly took over Zhao Changpeng's responsibilities, defending Binance's reputation against criticisms while balancing her role as a mother to Zhao's three children. She has recently been actively engaging in public appearances, staunchly defending Binance on social media, and her collaboration with the new CEO Richard Teng indicates her growing influence within the company.

Richard Teng, He Yi AMA | Binance Has No Plans for IPO, He Yi Is Holding BNB

"He Yi's Binance": Controversial Strategies and Future Regulatory Challenges

The Wall Street Journal noted that some view He Yi's strategies as resistant to regulation, drawing criticism, especially given Binance's record $4.3 billion fine and ongoing legal disputes with the Securities and Exchange Commission (SEC). However, in Zhao Changpeng's absence, as the largest shareholder, she holds significant power, influencing the exchange's marketing and investment decisions.

Binance Founder Zhao Changpeng Agrees to Resign, Pleads Guilty in $4.3 Billion Fine

Maintaining Binance's Dominance in the Cryptocurrency World

Despite setbacks, Binance remains a dominant force in the crypto market. He Yi's role in shaping the company's future, including impacting the selection of a new, mostly independent board, highlights her crucial position in the crypto space.

US Department of Justice Also Discussed "He Yi's Exit"

The Wall Street Journal stated that Binance and He Yi's roles continue to be closely watched. Sources revealed that the US Department of Justice had considered requesting He Yi's exit from Binance as part of a settlement agreement, although this claim remains unconfirmed.

He Yi's Resolute Vision

He Yi's resilience and determination in leading Binance through its most challenging phase are evident. Her involvement in major decisions, from recruiting new board members to leading marketing strategies, underscores her core role in shaping the future of this crypto giant. As Binance turns a new chapter, the crypto world closely watches He Yi's leadership and how she will redefine Binance's fate amidst unprecedented challenges.