Norman Reed, the former general counsel of Ripple, has been designated as the interim CEO of Binance US. This move comes after Brian Brooks resigned from the post after serving for just three months. However, some experts view this as a survival tactic for the exchange rather than a growth strategy. Reed played a crucial role in the 2015 settlement between Ripple and the US Department of Justice, which helped Ripple avoid potential litigation. Let’s hope well for Binance too.