Binance today announced the appointment of Max Baucus, the former U.S. Senator for Montana and member of the Democratic Party, to provide high-level guidance on the organization’s government and regulatory efforts including building strong relations with U.S. authorities and regulators.
As the former Chairman of the U.S. Senate Committee on Finance, Baucus brings a wealth of political and regulatory expertise to the world’s largest cryptocurrency exchange. During his time as the Chairman, Baucus was instrumental in leading legislation discussions for U.S. health care reform. He also served as chairman of the Joint Committee on Taxation and Subcommittee on Transportation and Infrastructure.
Baucus was also a member of the Senate Committee on Environment and Public Works among many other initiatives. Baucus was subsequently appointed by former President Barack Obama as the U.S. Ambassador to the People’s Republic of China, serving from 2014 to 2017.
Baucus’s role will be focused on providing guidance and policy advice covering some of the world’s most important financial jurisdictions and agencies. He will also play a key role consulting and liaising with U.S. regulators and authorities on decisive policies that affect the larger global industry and best practices to further guide sustainable developments for Binance and the broader cryptocurrency ecosystem.
Max Baucus, Advisor for Binance, said “Cryptocurrencies and blockchain technology represent some of the most potent forces for change in the global financial systems, potentially driving a revolution in how money is managed leading to a fairer and more equitable financial world. Binance is one of the largest organisations involved in bringing these to the mainstream and it’s a privilege to assist in appropriately navigating the complex political and regulatory frameworks that hold the key to enabling wider adoption.”
Binance CEO Changpeng Zhao (CZ), said “We’re excited to welcome Max to our team. His experience at the highest levels of government and intimate understanding of global regulation brings exceptional value to Binance and enhances our already strong compliance and policy team.”