Binance France Director Resigns Amidst Regulatory Headwinds
Stéphanie Cabossioras, former Binance's French Managing Director, has recently tendered her resignation, adding to the growing list of departures amidst regulatory concerns.

Stéphanie Cabossioras, former Binance's French Managing Director, has recently tendered her resignation, adding to the growing list of departures amidst regulatory concerns.
Earlier this year, regulatory authorities in the United States initiated legal action against Gemini and Genesis Global Capital, accusing them of engaging in the trading of unregistered securities via the Gemini Earn crypto asset lending initiative.
It is not sufficient to regulate one legal entity in one jurisdiction, Villeroy said.
Gemini and Genesis are seeking the dismissal of a lawsuit filed in January by the Securities and Exchange Commission. The SEC accused the firms of the unregistered offer and sales of securities in the form of Gemini’s Earn lending program.
The company has submitted a pre-registration undertaking with regulators.
The decision to invest $100 million of their own money into their exchange was reportedly due to difficulty finding outside investors.
The beleaguered Gemini Earn program is now the linchpin in a new set of charges filed by the Securities and Exchange Commission against both Genesis and Gemini.
The leading crypto, Bitcoin, is up by nearly 12% in two weeks, whereas Ethereum is up by almost 20%.
Cryptocurrency exchange heavyweights Crypto.com and Binance are investing hundreds of millions of US Dollars in France.
The official introduction of Cointelegraph France is taking place at the Paris Blockchain Week Summit, a flagship European blockchain event.