With the current issue in the crypto world between Cz (Changpeng Zhao) Ceo of binance and the Sec, I support Cz with reasons that binance has done alot to earn it's communities trust,helping millions of users in the crypto ecosystem,and has more durable marketing strategy whereas the Sec is government driven and wants to control everybody.
It's unfair that the sec is suppressing a private cooperation that's helping to grow & build the crypto world, binance is helping everybody including crypto whales and newbies and a fight against binance is against the world.
What's your say on this?
You don't need to feel the slightest bit of pity or sympathy for the people in charge of binance. They are billionaires who got rich by charging extortionate fees as an exchange and make huge amounts from their trading platform. I don't begrudge them for getting rich but I definitely think that they skirted the law or came within certain boundaries of the American financial regulators. Especially when there are texts that show them actually mocking and laughing about such law breaking. Anyone who targets American users, which they did extensively because they are the richest market, knows full well that regulators will be all over them.
Its just standard thing to happen on which penetrating or trying out to ran off a business on a country which considered to be rich and powerful then expect that everything would really be monitored out and if
they do wanted to throw up some issues then it would possibly happen but of course they wouldn't really be doing that without any solid issues to be thrown because that would really affect out their credibility.
Most people would really be having that kind of negative views and impressions towards government but of the sake of protection of citizens then i wouldnt really be objective to that because its something that
needs to be done. It is really just that government could really make out some false issues even it werent right just for them to stir up situations.
Just like the rest on here that im aint a fan on supporting on every side on whose side i would be in. If there are some issues been raised or thrown out then it would be simply be cleared out if the
other side is really that not doing something at all.