Cz or the Sec who would you support?

[siniminomorocomunisakito]

I can't call that becomes unfair caused by mostly of companies in the crypto were unregistered companies or not comply with the regulation.

The whales are always against retail investors. The whales are always fooling retail investors for their own purpose.

I happened to read one of these news: https://www.theguardian.com/business/2023/jun/09/binanceus-prepares-to-suspend-us-dollar-deposits-and-withdrawals-from-exchange

Will this raise concerns about the impact on Binance's services and users, and possibly complicate the situation that has developed between the platform and regulation

[royalfestus]

It is unfortunate that some individuals within the SEC may be influenced by biased opinions or have an agenda that resembles a witch hunt. The previous attack on Coinbase before Binance could be seen as a distracting strategy, but it is essential to look beyond that. The events surrounding FTX have significantly altered the perception of Binance and the crypto space as a whole, given Binance's substantial influence in the market

[justdimin]

I'm still acting normal because CZ role is only as an exchange service provider, not to make us truly profitable. The noise that the SEC creates always destroys everything, prices in the market, stability of public trust and it all makes us realize that no one can be trusted to store assets other than private wallets.

Indirectly, we experience the positive impact of Binance, the number one cryptocurrency exchange according to CoinMarketCap. Even if you don't use it yourself, you still benefit from its existence because Binance strengthens the cryptocurrency community. The services provided by Binance are unquestionable and trusted by millions of people worldwide.

As for taking sides, since I have never favored the SEC, I support CZ in his quest to survive and soar high once again. The fact that he has proven his innocence is already good news for the crypto community and a blow to the SEC's reputation.

I agree, the fact that CZ has been doing a very fine job for all of us in the crypto world, even if we do not use Binance then we can use something else that he helped and that's very important. Too many people forget that CZ has a finger on all of crypto, even when he delists something that looks like a scam, other exchanges follow them and delist it most of the time, except a few small ones. All in all they are doing a good job and I would trust CZ with my money any day of the week.

This is why I keep a lot of my money at Binance instead of self custody as well, I do not trust myself as much as I trust CZ and binance. Which is why if you put CZ against SEC (or any other American organization), I would definitely support CZ without question.

[Webetcoins]

I would personally not take a side knowing none of them are really favorable, Binance is probably having issues, and those accusations aren't made out of anywhere, and I would definitely not take the side of an authority that is basically always fighting to either suppress or regulate cryptocurrencies in any way they can. So I'm neutral in all this, but, I would probably not want things to go bad for Binance because that will be bad for the whole market.

I use Binance for trading, but that doesn't mean that I support whatever they do or have allegations for, but for the sake of the market so that it is not disturbed much, I would want Binance to come out clean from all this and the market to become to its normal path once again.

[Fortify]

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.

[carlfebz2]

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.

[Bitstar_coin]

CZ no negotiation, who has the sec impacted anyone's life positively? But cz and binance has been able to impact many lives in the crypto community directly ot indirectly.
If the sec are fighting a genuine cause of crypto regulations then they should go about it in the right manner, not this onesided attack they are doing. From the look of things, they are only damaging their credibility the more.

[mindrust]

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?

CZ of course. However, it is not like I am in love with CZ. It is because I hate the SEC way more. The SEC should leave crypto alone. It is not the SEC's responsibility to make rules over crypto. Crypto ain't no securities so SEC should gtfo and CZ should close the exchange that serves the US customers. It is nothing but trouble to do any business with the US. The rest of the world should sanction US till they get their shit together because lots of people pissed of by the paranoia of the US government.

[BITCOIN4X]

~Snip

CZ of course. However, it is not like I am in love with CZ. It is because I hate the SEC way more. The SEC should leave crypto alone. It is not the SEC's responsibility to make rules over crypto. Crypto ain't no securities so SEC should gtfo and CZ should close the exchange that serves the US customers. It is nothing but trouble to do any business with the US. The rest of the world should sanction US till they get their shit together because lots of people pissed of by the paranoia of the US government.

I'm only concerned about crypto developments than CZ. I also support CZ to solve the problem but of course I don't personally support it. The US has emerged as one of the countries that might not be happy with Binance being without any revenue from it, but in other news, some US governments seem desperate for this crypto not to develope there.

[livingfree]

It is unfortunate that some individuals within the SEC may be influenced by biased opinions or have an agenda that resembles a witch hunt. The previous attack on Coinbase before Binance could be seen as a distracting strategy, but it is essential to look beyond that.

Let's just face it that this is the reality on these exchanges, no matter how good they are. There's no way that they won't be chase by the SEC. It could be a disturbing tactic to make everyone uncomfortable into using them or they did really made a violation, this how it goes.

The events surrounding FTX have significantly altered the perception of Binance and the crypto space as a whole, given Binance's substantial influence in the market

Whilst it was CZ that has opened that fiasco to the public, now he's being attacked. I'm not gonna support him or SEC, these are like normal things that we do get for being in here.

[Hamza2424]

There is no worth supporting anyone but I think I will never ever support SEC because SEC is misusing its powers and manipulating the market by all means, Crypto industry is not a small one and it's not like just money making is a revolution in each and every sector whether its technology whether its Innovation or Solution packages from Dapps to the self custody. They are trying to forcefully save the rusted economic system because they are trapped in it and they are using the power now people are demanding their rights by choosing their own interests and assets which are not accepting.

Reality is they want to save their traditional sources by printing more money but the fear is when they will print new money and offer it to the customers there are high chances the customers will take the money and make deposits in crypto market.

[Bushdark]

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?

Binance is a good exchange and I still don't know why the government had been making unnecessary efforts to prosecute the exchange for nothing. Many of the charges that was label again Binance does not even existed and the sec is still trying hard for make things difficult for the crypto exchnage for nothing. Should we say that this could be as a result of the consequences between the China and the US trade war? This is unnecessary and Binance can even decided to leave the American soil for a better place where they would be recognized and be respected.

[Johnyz]

CZ no negotiation, who has the sec impacted anyone's life positively? But cz and binance has been able to impact many lives in the crypto community directly ot indirectly.
If the sec are fighting a genuine cause of crypto regulations then they should go about it in the right manner, not this onesided attack they are doing. From the look of things, they are only damaging their credibility the more.

SEC will always be SEC, they are one sided and wants to create panic in the market.
CZ and the whole Binance team really did a big change in the whole cryptomarket and we have to support them if we still want to have freedom from ang government intervention as crypto serves its purpose. Binance will survive on this, and we should not panic at all because SEC can’t prove any irregularities at all.

[EFS]

I've seen too many major crypto-currency exchanges went in the wrong way over the past ten years. Binance is not one of them. If it's not for CZ we might see same thing for Binance but he operates it so well that it's still the leading major exchange in the industry. I hope it will go like that for a long time. There is no point supporting SEC in this case anyway.

[Captain Corporate]

I get that we are all on his side but what are we really doing about it? I mean I am keeping my money in crypto if that's the question and I did not sell during this period and I do have all my money at Binance, but what I have at Binance right now is probably not the money CZ would even consider, he probably spends more money on a single meal than all the money I have on binance at the moment, I have donated all my money back when earthquakes happened in my nation unfortunately to a charity organization, so what I have doesn't mean anything. If we all keep using it then maybe it would be nice for him, but we can't do much else, that's the only thing we could do for him, that doesn't really scream support to me.

[asriloni]

I can't call that becomes unfair caused by mostly of companies in the crypto were unregistered companies or not comply with the regulation.

The whales are always against retail investors. The whales are always fooling retail investors for their own purpose.

I happened to read one of these news: https://www.theguardian.com/business/2023/jun/09/binanceus-prepares-to-suspend-us-dollar-deposits-and-withdrawals-from-exchange

Will this raise concerns about the impact on Binance's services and users, and possibly complicate the situation that has developed between the platform and regulation

It's not a surprise for me. The problem that was coming from SEC against binance US has been triggering binance US's partner to feel doubt by facilitating binance US to access USD. I guess if the banking partner of binance US has become the main problem that makes binance US suspends its deposit and withdrawal for US next week. It's not a complicated situation. Binance US's partner was feeling worry to deal with binance after it has been getting major problem against SEC.

It's caused by binance US partners are not willing to join in the problem that already faced by binance US.

[serjent05]

I won't put my nose in other's business so I will not support any of the two.  Rather than meddling with other's business I think it is much better to look for alternative if worse came to worst.  Aside from that, it is better to take the importance of the cryptocurrency that is deposited on Binance and move them out before the rulings is decided.  Who knows the possibility of Binance being affected aside from Binance US if the SEC for further faults of Binance operation.

[Swordsoffreedom]

. I don't support anyone, but I really hope the SEC doesn't try to go against crypto and users.

The SEC sued XRP 2 years ago, and the lawsuit is still unresolved, and before they sued Binance and Coinabse or Coinme, they stated that all cryptocurrencies are securities and should be regulated by them. That alone is enough to show us what their real purpose is. They are not against cryptocurrencies and users, what they want is to control this market. I don't know if people want them to manage us because they say if there were regulations, scams would be significantly reduced. But for me, I like the same freedom as before, not being controlled or bound by any regulations. So I don't support the SEC in this case.

[goldkingcoiner]

. I don't support anyone, but I really hope the SEC doesn't try to go against crypto and users.

The SEC sued XRP 2 years ago, and the lawsuit is still unresolved, and before they sued Binance and Coinabse or Coinme, they stated that all cryptocurrencies are securities and should be regulated by them. That alone is enough to show us what their real purpose is. They are not against cryptocurrencies and users, what they want is to control this market. I don't know if people want them to manage us because they say if there were regulations, scams would be significantly reduced. But for me, I like the same freedom as before, not being controlled or bound by any regulations. So I don't support the SEC in this case.

Exactly, lol. The SEC cannot do anything but bark. But I guess that is their job, so it is not as surprising.

What most people seem not to understand is that right now is the point in time when people realize that the current Binance vs SEC and Coindesk vs SEC is nothing but FUD and it will soon lead to FOMO.

This kind of thing keeps happening in the crypto world. And how many times has the SEC been able to do anything? They pretend they can take down the blockchain by punishing centralized exchanges who offer (decentralized) crypto. And a decentralized currency does not need a centralized exchange.

[Balmain]

I don't support both of them, of course. It is obvious that both of them are dirty. For me, the only concept I support is the concept of decentralization. In order to manipulate the classic market, SEC opens such an investigation to the big crypto exchanges just to create fear in the market, we have been used to it for years. I think that CZ has done its job cleanly, globally, it has done its job according to the laws in all countries without problems, and it has become the largest stock exchange in the world. If you want to damage the reputation of cryptocurrencies, you have to deal with the biggest. I think this is always done and will continue to be done. At the end of this case, Sec will get nothing.