Golden Finance reported that since taking over last year, Binance CEO Richard Teng has focused on transforming the company from founder-led to board-led. He made it clear that Binance is currently in a solid financial position and is not considering an IPO. Teng emphasized that the company is strengthening its relationship with global regulators to ensure continued development in the next 50 to 100 years. Although former CEO CZ was sentenced for violating US law and withdrew from company management, Binance co-founder He Yi still plays an important role in the management team. At present, Binance does not plan to expand into the US market, but focuses on business development in the global market.