Binance’s New CEO Appointment: Navigating a Path to Stability Amid Regulatory Concerns

According to CoinDesk, Raajeev Maumdar, Head of Virtual Asset Strategies at Moody’s Investor Services, has praised the appointment of Zhao Changpeng as the new CEO of Binance. He remarked, “Binance has opened the first gateway to stability.” In a letter to Moody’s clients, Maumdar stated, “Richard Tung, the newly appointed CEO of Binance, brings extensive regulatory experience. His departure provides Binance with a new opportunity to overcome regulatory concerns.