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Binance reportedly wanted SEC chair Gary Gensler to be an adviser

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Binance – the world’s largest crypto exchange – sought to onboard Gary Gensler, the current Chairman of the U.S Securities and Exchanges Commission (SEC), in 2018 and 2019.

The crypto exchange wanted Gensler to serve as an adviser but the proposal was turned down, according to a report by the Wall Street Journal.

Nonetheless, the current SEC Chair shared some “license strategies” with Ella Zhang – former head of Binance Labs, and Harry Zhou – an employee at Binance.Notably, the crypto exchange has previously maintained that Harry Zhou was never employed at the firm, in a lawsuit against Forbes ‘Tai Chi’ document report.

The lawsuit, however, was dropped a few months later.Moreover, Gensler had a meeting with Changpeng Zhao (CZ) – the CEO of Binance – in March 2019 in Tokyo.

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