Binance.US to resume USD services: Binance.US plans to restart USD services in early 2025 after a challenging period marked by SEC scrutiny. The interim CEO, Norman Reed, believes this will benefit the digital asset market, enhancing consumer confidence and operational capabilities.
Impact of SEC actions and future outlook: The SEC’s past accusations led to operational shifts for Binance.US, including halting USD deposits. However, Reed remains optimistic about emerging regulatory clarity. He foresees 2025 as a pivotal year for recovery and innovation in the cryptocurrency sector.