Cz or the Sec who would you support?

[Andrija Branislav]

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.

Indeed, the decision can be attributed to the SEC's aggressive tactics, such as the attempt to freeze Binance's US assets, and the challenges faced by the exchange and its banking partners. the question on my mind is will this trigger a market correction again and there is more Robinhood news to Delist Cardano, Polygon and Solana https://watcher.guru/news/robinhood-to-delist-cardano-polygon-and-solana. it seems worse..

[1715535735]

1715535735

[posi]

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.

Yes, they're both dirty, both for their own good, but we used to think about what would happen if the SEC won with them all. Will they stop and let our market settle, or will they continue to attack and completely control us? Why didn't they care about us years ago when we were so young, we were nothing? Now we are bigger, more mature, and they attack. They do it for their own benefit, not to protect investors, as they claim. The SEC is looking at our pockets and our liberties. I don't support anyone, but I don't expect the SEC to win.

[Hispo]

My say on this situation ls that it can be almost equally silly to support both a government which may be trying to suppress the liberty of the citizens and a company which is just trying to do what any other one like to do: generate income.

You can support Binance, because you either feel it is a good service or your ideology leans onto small government and regulation, but never forget that Binance as any platform does not owe you anything beyond the balance you have in their wallets and you do not owe them anything. Their duty as a business is to be a good business, because that serves their interests.

People defending brands as they defend their parents is very strange, in my opinion, so are people who get logo tattooed on their bodies.

If anyone feel like defending so much a company, the minimum I would expect it would be them to be shareholders.

[Blowon]

i still side with cz . if binance does exit crypto then crypto's largest market will be exhausted, and i believe it will affect the crypto community in at least a 30 to 50% drop in crypto volume will be lost. building binance also must have been a long struggle, but if it was that easy the SEC closed it I think financial freedom is indeed more complicated than before.

[tjtonmoy]

I am going to support who is right. If the allegations against CZ are true, then no doubt I will support SEC. Then again, we need to find out who is in the wrong. SEC is trying to control people. I agree on that matter. But what about Binance exchange? It is centralized, too. Have you heard about forced liquidation? In exchanges, the owners have the control over price manipulation in order to make liquidation happen on their wish. This is a very nasty thing that they do. And I don't think CZ have never done that. He is not 100% pure.
Also, coming to the point of SEC. They have their own rules and if you want to do certain business in certain places, you need to follow them. The thing you are talking in OP is about people's freedom using cryptocurrency. It comes with decentralization. You can not make that happen when you are using a centralized exchange to do it.
I am not ungrateful for what Binance have done for us. But then again, they are not clean. So I will stay neutral for this matter.

[Unbunplease]

i still side with cz . if binance does exit crypto then crypto's largest market will be exhausted, and i believe it will affect the crypto community in at least a 30 to 50% drop in crypto volume will be lost. building binance also must have been a long struggle, but if it was that easy the SEC closed it I think financial freedom is indeed more complicated than before.

The problem is that the SEC went to war with the cryptocurrency world with a superficial understanding of it. To them, all cryptocurrencies are securities. But then again, cryptocurrencies don't belong to any state, so either international laws or no laws can apply to them. And single taxation of cryptocurrencies is not possible yet.

[_BlackStar]

I am going to support who is right. If the allegations against CZ are true, then no doubt I will support SEC. Then again, we need to find out who is in the wrong. SEC is trying to control people. I agree on that matter. But what about Binance exchange? It is centralized, too.

Then how can you find answers about who is right when both are justifying themselves? Look at how CZ keeps its business and customers, but the SEC also wants to win for any allegations they might be able to prove.

Keep one thing in mind - crypto is in jeopardy because of the SEC and that is because they seem intent on attacking crypto instead of carrying out their function. What do you think about it?

Have you heard about forced liquidation? In exchanges, the owners have the control over price manipulation in order to make liquidation happen on their wish. This is a very nasty thing that they do. And I don't think CZ have never done that. He is not 100% pure.

I haven't heard of it - but how about proof, has someone proven that to the community?

[asriloni]

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.

Indeed, the decision can be attributed to the SEC's aggressive tactics, such as the attempt to freeze Binance's US assets, and the challenges faced by the exchange and its banking partners. the question on my mind is will this trigger a market correction again and there is more Robinhood news to Delist Cardano, Polygon and Solana https://watcher.guru/news/robinhood-to-delist-cardano-polygon-and-solana. it seems worse..

It will probably even worst than it. Robinhood was SEC compliant and it must be following all of rules that being made by SEC. Delisting those coins were not big surprises since SEC sees them as security coins.

People in robinhood are liquidating their ADA, SOL and Polygon. It was triggering a huge dump for those coins especially for solana and polygon.

People are also worrying about the potential for SEC to suspend robinhood's service. Delisting those coins will become the best ways to avoid sanctions from SEC. Robinhood is not interesting to take the risk to deal with SEC.

Delisting is the best way to avoid the sanction. Meme coin shall be delisted from robinhood as well. 

[Wend]

i still side with cz . if binance does exit crypto then crypto's largest market will be exhausted, and i believe it will affect the crypto community in at least a 30 to 50% drop in crypto volume will be lost. building binance also must have been a long struggle, but if it was that easy the SEC closed it I think financial freedom is indeed more complicated than before.

The problem is that the SEC went to war with the cryptocurrency world with a superficial understanding of it. To them, all cryptocurrencies are securities. But then again, cryptocurrencies don't belong to any state, so either international laws or no laws can apply to them. And single taxation of cryptocurrencies is not possible yet.

No asset or market can exist in this world without being regulated and controlled. We still live in a centralized society where the government runs everything. Such things like this won't go away anytime soon until the government achieves their goal. There will be no exception, even with cryptocurrency, they will find a way to manage it, if not managed, they will be ready to sabotage and list as terrorists and extremists. But I hope CZ wins this case, otherwise, SEC will regulate this market soon, we should hope our freedom lasts long before they control us.

[bussybuddy]

The communication between the parties is not clear and the competition is back and forth between the parties, and unfortunately it has a negative impact on the crypto market. I don't support anyone in this situation, but looking at the long-term I think this also needs to appear for the market to be stronger after various crashes. Both the SEC and CZ have their own arguments, from an investor perspective with crypto I can also feel people are afraid that binance might collapse after this event, but for me the optimism with the market This school is more, facing many serious situations in the past, I feel that everything will be better.

[wxa7115]

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?

I have no reason to support either, Binance is a private corporation and everything that its CEO does has the health of binance in mind, if the rest of the market benefits then that is cool, but they do not care about it.

And about the SEC I do not support it either as it is an institution that is trying hinder the growth of this market with their regulations, so let them fight each other to a standstill and then come to an agreement like they always do.

[woez]

My say on this situation ls that it can be almost equally silly to support both a government which may be trying to suppress the liberty of the citizens and a company which is just trying to do what any other one like to do: generate income.

You can support Binance, because you either feel it is a good service or your ideology leans onto small government and regulation, but never forget that Binance as any platform does not owe you anything beyond the balance you have in their wallets and you do not owe them anything. Their duty as a business is to be a good business, because that serves their interests.

People defending brands as they defend their parents is very strange, in my opinion, so are people who get logo tattooed on their bodies.

If anyone feel like defending so much a company, the minimum I would expect it would be them to be shareholders.

I think it's normal that individuals have different perspectives and reasons to support Binance or other companies because they value the service provided by Binance and Maybe they have been trading on the platform for a long time, regardless of the current case. related The decision to support CZ or the SEC is a complex one and depends on a variety of factors, including personal beliefs, values, and perspectives on government intervention and the business practices that I look at.

[CODE200]

i still side with cz . if binance does exit crypto then crypto's largest market will be exhausted, and i believe it will affect the crypto community in at least a 30 to 50% drop in crypto volume will be lost. building binance also must have been a long struggle, but if it was that easy the SEC closed it I think financial freedom is indeed more complicated than before.

Binance exiting crypto is a big if to be honest and I don't think that they will easily fold against SEC, also I don't have any firm knowledge about this but isn't Binance an International company? Meaning that they can still operate outside US? I need clarifications on that. You don't need to worry to much about this though, I am sure that they won't be able to shut down Binance.

I think it would be a stupid decision to side with SEC in this battle and you're asking that question in a crypto forum so I don't think you would see much fair fight in terms of who's right and wrong. All we can do is just watch in the sidelines and hope for the best.

[dansus021]

Whoever wins the case, it does not really matter much to Bitcoin and other crypto. I'm general BNB, and any coin associated with Binance might be affected... But bitcoin transactions will still continue.

I quite agree with you, tho bitcoin has already lives for a decade now but if the SEC win you are gonna see price bleeding for maybe like a couple of weeks because US investor cant do what they want to do, at least they do legally.

Crypto basically bypass things like this but the government has full control to regulate, meanwhile, just look up the news and now is more than 20 crypto that are considered as securities https://beincrypto.com/full-list-cryptos-securities-sec-lawsuit-binance-coinbase/ it could be more

Im not trying to defend Centralized Exchange but they should win the case for the crypto because centralized exchange too we can see the mass of crypto adoption.

if they won the case you can see more adoption to crypto right

[Halime Anatolia]

I quite agree with you, tho bitcoin has already lives for a decade now but if the SEC win you are gonna see price bleeding for maybe like a couple of weeks because US investor cant do what they want to do, at least they do legally.

I may agree with you, This can create uncertainty and worry among investors, which can trigger asset selling and depress prices in the short term. But my view is that the long-term impact of any SEC ruling, however, depends on how regulation proceeds and how the market and the crypto community respond to it. There may be efforts to find solutions and partnerships that benefit both parties.

[cryptomaniac_xxx]

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?

I have no reason to support either, Binance is a private corporation and everything that its CEO does has the health of binance in mind, if the rest of the market benefits then that is cool, but they do not care about it.

And about the SEC I do not support it either as it is an institution that is trying hinder the growth of this market with their regulations, so let them fight each other to a standstill and then come to an agreement like they always do.

Exactly, but being the lesser or the evil? maybe for some of us here, they might support Binance against SEC because admit it or not, majority of us here have used Binance one time or another.

And we all know that SEC is like doing a witch hunt, everything that they can find and exploited against exchanges, they will do it without a heartbeat so it's not good for crypto enthusiast, specially those coming from the US. And it seems that SEC is really curbing out not this crypto exchanges, but the technology itself.

[Nhazwrath]

why is this a binary question?

[Hispo]

My say on this situation ls that it can be almost equally silly to support both a government which may be trying to suppress the liberty of the citizens and a company which is just trying to do what any other one like to do: generate income.

You can support Binance, because you either feel it is a good service or your ideology leans onto small government and regulation, but never forget that Binance as any platform does not owe you anything beyond the balance you have in their wallets and you do not owe them anything. Their duty as a business is to be a good business, because that serves their interests.

People defending brands as they defend their parents is very strange, in my opinion, so are people who get logo tattooed on their bodies.

If anyone feel like defending so much a company, the minimum I would expect it would be them to be shareholders.

I think it's normal that individuals have different perspectives and reasons to support Binance or other companies because they value the service provided by Binance and Maybe they have been trading on the platform for a long time, regardless of the current case. related The decision to support CZ or the SEC is a complex one and depends on a variety of factors, including personal beliefs, values, and perspectives on government intervention and the business practices that I look at.

I know it is normal to support a party or another one, depending on our personal believes. But I am referring to the kind of people who fanatically defend a company, as if they were shareholders. 

Havent you ever dealt with that kind of people? I have seen people who love Nintendo or Apple enough for them to get permanent tattoes of the logos of those big companies on their bodies.  That is what I am talking about, brand fanboy-ism.

[S A KHAIR]

The communication between the parties is not clear and the competition is back and forth between the parties, and unfortunately it has a negative impact on the crypto market. I don't support anyone in this situation, but looking at the long-term I think this also needs to appear for the market to be stronger after various crashes. Both the SEC and CZ have their own arguments, from an investor perspective with crypto I can also feel people are afraid that binance might collapse after this event, but for me the optimism with the market This school is more, facing many serious situations in the past, I feel that everything will be better.

Yes you're on point the SEC is the government in disguise trying to control and ruin the crypto ecosystem, many people might think they're doing their job, maybe cause they didn't invest with the said exchanges attacked, but the question is after coinbase or binance, who's next? This question would hit hard when the exchanges they're trading with are being attacked by the SEC as well.

That's what I was thinking too, after the SEC handles Binance and Coinbase, who will be the next victim? We? That's what I fear, but many people gloat when the SEC hits centralized exchanges. Because they hate centralized exchanges, and they think they can borrow the SEC's hand to destroy all the CEXs they hate. But they despise the SEC because the SEC won't stop, and the next victim is none other than the entire market.

[irhact]

Yes you're on point the SEC is the government in disguise trying to control and ruin the crypto ecosystem, many people might think they're doing their job, maybe cause they didn't invest with the said exchanges attacked, but the question is after coinbase or binance, who's next? This question would hit hard when the exchanges they're trading with are being attacked by the SEC as well.

SEC aren't the government in disguise, they're the government themselves because they control and regulate the market. They're trying to control cryptocurency exchange on the market and they know of they go after the big exchanges and win then it'll be easier when they go after the smaller exchanges. SEC wants to control and regulate the cryptocurrency market as they're doing to the stock and forex market.

Binance exchange and Coinbase are centralized exchange and they're meant to obey the laws of any country they're operating in. Only decentralized exchange are free from this lawsuit. Centralized exchange needs the approval of the SEC of whatever country they operate.