🔔 Crypto exchange Binance.US has appointed Martin Grant, former head of compliance and ethics at the New York Federal Reserve, to its board of directors.

Grant, who has 30 years of financial and digital experience, joins Binance.US following a cryptocurrency regulation scandal and a $4.3 billion fee agreement.

The former Fed official is expected to strengthen enforcement of best practices and behavior within the crypto giant.

Grant's appointment follows Binance's first-ever board of directors meeting, under terms agreed to by the US Department of Justice.