The Texas Blockchain Council (TBC) has announced that Binance.US has joined as a Strategic Partner Member. TBC is an industry association that is working to make Texas a global leader in the bitcoin, blockchain, and digital assets industries. As a Strategic Partner Member, Binance.US will support TBC’s efforts to educate government officials in Texas and across the country, as well as help shape public policy in the state that is already a leader in the bitcoin industry.
According to TBC President Lee Bratcher, recent events have undermined the public’s confidence in the cryptocurrency industry. He believes that it is important for the industry to work with leading firms to establish best practices, such as dynamic proof of reserves and liabilities, in order to restore trust.
Binance.US is the US partner of the world’s largest crypto exchange and is a platform for buying, selling, trading, converting, and staking digital assets. The company offers some of the lowest fees in the industry, including free bitcoin trading, and operates the largest major US staking platform. It also provides secure access to more than 140 popular cryptocurrencies. Binance.US was launched in September 2019 and is based in California. It is structured to comply with all US laws and regulations.
Brian Schroder, CEO of Binance.US, said that it is important for the digital asset ecosystem to engage with policymakers and regulators to protect consumers while fostering the growth of the industry. He added that Binance.US is proud to join the Texas Blockchain Council and looks forward to collaborating with its peers to ensure a strong and vibrant crypto market.
Currently, Binance.US does not operate in Texas, but it is available in 46 states and Puerto Rico. The company is working with the remaining state regulatory agencies to secure approvals so that it can offer its services in all 50 states and territories.