Odaily Planet Daily News Binance.US interim CEO Norman Reed shared his views on the challenges and growth prospects the platform faces as 2025 approaches, emphasizing the evolving role of digital assets in the broader financial landscape. In a blog post published last week, Reed highlighted the resilience of the cryptocurrency industry despite regulatory hurdles and emphasized the long-term potential of digital assets. He stated, 'We expect digital assets to become an important part of the mainstream financial ecosystem in the U.S. and globally. In the long run, cryptocurrency is an ever-rising ladder, with each cycle built on the foundation of the previous one.' As he made these remarks, Binance.US is still engaged in a legal battle with the U.S. SEC, which filed a civil lawsuit against the company in 2023. Speaking about the SEC's actions, Reed criticized the regulator's approach, arguing that it stifles innovation and harms the cryptocurrency industry, stating, 'Ultimately, I firmly believe that the current actions of the SEC not only fail to uphold the founding principles of the agency but also cause significant harm to U.S. consumers and the cryptocurrency industry (including Binance.US).' Despite these setbacks, Reed remains confident in the company's ability to persevere, saying, 'But ultimately, what comforts me is this fact: We have withstood the excessive interference of the U.S. SEC.' He further noted, 'It is worth mentioning that, despite the SEC's close scrutiny of the company, no evidence of wrongdoing has been provided so far.' Looking ahead, Reed expressed optimism about the platform's future, noting that regulatory conditions may improve under new SEC leadership. He emphasized, 'In the meantime, we welcome the establishment of a clear and practical regulatory framework for digital assets in the U.S. I hope that Paul Atkins being nominated as the next SEC chairman will bring us closer to this reality.' (Bitcoin.com)

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