While everyone was talking about CZ, Binance, and the SEC, Kraken again got noticed by the SEC. They are now being accused of operating an unregistered platform, they again got sued. The SEC is now acting as a bully trying to fine cryptocurrency exchange for everything. After the ETFs were filed by big financial institutions the SEC has been going constantly after cryptocurrency exchanges that were or are operating in the US. It does look like there is a hidden agenda behind all of this happening in the US.
In regards to CZ, he has stepped down because he had no other choice. He still holds control of his exchange and has nothing to lose if he pays the fine and settles this problem out of court. There is nothing guaranteed though, as such issues will again come up maybe next year.
In the modern era, the birth of crypto is like someone wants crypto power, the crypto era can be said to have a long term because the potential for use is good and one day all countries will support it 100%. I think there will be someone who can control crypto volume for their own benefit because of the large long-term potential In regards to CZ, he has stepped down because he had no other choice. He still holds control of his exchange and has nothing to lose if he pays the fine and settles this problem out of court. There is nothing guaranteed though, as such issues will again come up maybe next year.
