Odaily News Shenyu posted on the X platform that the regulatory settlement agreement reached between the U.S. Department of Justice and Binance has cleared the way for ETFs. Thank you CZ for your outstanding contributions to the industry. We are willing to work with CZ to deeply explore the infinite possibilities of DeFi. According to previous news, CZ said that Richard Teng will take over as CEO of Binance. I plan to devote myself to passive investment in areas such as blockchain, Web3, DeFi, artificial intelligence and biotechnology after a short break. “I can’t imagine myself becoming the CEO of a start-up company again. In the future, I may be willing to mentor a few entrepreneurs privately, or at least tell them what not to do.” At the same time, CZ emphasized that the settlement reached with US regulators did not accuse the currency Any misappropriation of user funds or market manipulation. He looked forward to the new leadership leading Binance into a new chapter and congratulated Richard Teng on his promotion.