Cz or the Sec who would you support?

[coupable]

From a purely objective point of view, I think I will stand in opposition to both of them, given that they are both supportive of centralization and do not support the principle of privacy. I still advise using decentralized platforms and avoid using any of the centralized platforms, especially with large savings.
On the other hand, I am convinced that the US authorities are launching an attack on crypto service platforms to serve goals that fall within the same framework as the policy of centralization and non-privacy. I mean, it can be said that both of them are fighting over who will have the capacity to penetrate the privacy of users and impose decisions according to what mainly serves their interests. The Binance platform is not a pure angel, and it cannot be said that it is subjected to injustice, and the SEC is not a sponsor of rights and freedoms, since it has turned a blind eye to all platforms for years, waiting for the right time to target it if it opposes it in its policy one day.

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[Fivestar4everMVP]

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?

Well, I think you said it all, the sec represent the government, and we all what the government are after, they just wanna be in control of every dam thing in this world, they make the law, and manipulate the same law to suit themselves when ever its not in their favor, the government have nothing to offer, other than to keep taxing us and then keep enriching themselves so they continue to remain in power and control..

Though I am particularly more interested in the decentralization of the entire crypto currency ecosystem, I have to state that in this fight, we as crypto holders and community must stand up for CZ, and Binance, it is true that it was done in a centralized way, but the truth remains that CZ in his capacity has brought more adoption to bitcoin much more than we all can imagine, so the sec must not win the battle, we must do all we can to ensure that does not happen.

[libert19]

I'd take side with cz just because what he has done for cryptocurrency, now don't ask what exactly because I wouldn't know either but one thing for sure binance wouldn't be where it is without him.

[ndutndut]

The conclusion I drew from the Binance vs SEC case
- SEC targets Binance because CZ is considered to be the one who tore down FTX & SBF.
- SBF is a big donor for political parties & politicians
- The fall of the SBF made politicians confused.
- Revenge on CZ.
- Also destroy crypto, because they don't care. All they care about is money
- Tokens that have been ICO & have a burn feature included in securities
- Why are Bitcoin & ETH not coming in? Because they hold a lot
- This will be an exciting war that will go down in history books!

[Cryptmuster]

Well, I think you said it all, the sec represent the government, and we all what the government are after, they just wanna be in control of every dam thing in this world, they make the law, and manipulate the same law to suit themselves when ever its not in their favor, the government have nothing to offer, other than to keep taxing us and then keep enriching themselves so they continue to remain in power and control..

Though I am particularly more interested in the decentralization of the entire crypto currency ecosystem, I have to state that in this fight, we as crypto holders and community must stand up for CZ, and Binance, it is true that it was done in a centralized way, but the truth remains that CZ in his capacity has brought more adoption to bitcoin much more than we all can imagine, so the sec must not win the battle, we must do all we can to ensure that does not happen.

I don’t think that we need to choose sides here, the goal of the regulators is clear and it’s obvious that they are not worried about investors and their safety, but I also can’t say that CZ is worried about this much, because in this situation he is worried about his exchange , which is fine.

In this situation, CZ defends the interests of the crypto community, and the regulators, as you rightly noted, are only worried about the exchanges paying heavy fines for some kind of violations, and they only hide behind concern for investors, but no one believes it.

[Renampun]

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 support Cz because regardless of his pros and cons as the CEO of Binance, he has done a lot for the crypto community, for example in my country they help donate to natural disasters, increase crypto adoption, and many other things. although many people say that Binance as an exchange violates some rules, what business is not like that? no need to be hypocritical because the average business is run in a dishonest manner.

so even if Binance made a mistake, whatever it is, they should only be given sanctions and fines, don't make them look like criminals, because that is a discriminatory act against the crypto platform.

[ancafe]

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 am not going to take anyone's side in this case nor do we have anything to do with them so let them continue to point fingers at each other and the victor can prove those accusations untrue. Basically Binance also wants to control people with KYC but the influence is not as big as the SEC, for me both are the same and there is no difference. If you think binance can help a lot of people because it provides trading services and conversion to fiat, do you think other centralized exchanges don't? they run a business and there is no reason to support anyone if they still have to do KYC.

If we don't know clearly the main problem that is being faced then I think being a spectator will be much better, especially if one of us doesn't use binance or doesn't live in the United States. Going too far on this issue will also not give any benefit and that is the reason centralized exchanges should be avoided.

[Huppercase]

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 want crypto market to win, CZ might be fighting for crypto but I think they are fighting for the company reputation, CZ and Binance.US must have one way or the other did something that violated SEC rules and regulation but looking it more on Gary Gensler side, his statement yesterday seems like its now a personal fight between him and CZ because the Lawyer representing Binance said in 2019, there is a report that Gary Gensler applied to be Binance Advisor and was rejected and after he became the Chairman in SEC, he is abusing the power to take down Binance by all means, the statement annoyed him yesterday that he call crypto a scam scheme, this fight is personal, I am only concern about how the market is hurt by there statements.

[killerfrost]

IMO, looking at what's going on I don't have much support for either side, as an investor with crypto I just see this as a bad period for this market, but it's no exception opportunity to buy and hold more after the ongoing drama.
Some of the stories where I see the abuse of power as well as stifling the growth and development of prominent names in the industry, or just an assumption for the navigators to control and keep a lot of assets more in this environment.

[Minecache]

My faith is on CZ himself. As they crackdown on all cryptocurrency activity in the US, this attack against CZ is more like an attack to bitcoin itself with the man being caught in the collateral damage. He's built a pretty nice albeit imperfect enterprise for himself and millions of people that used his service, and it stood the tests of time too with all these multiple bank runs they issued just to see if what CZ claims is true. Plus the SEC hasn't been the most upfront and honest department in the US. All filled with Senile people who barely know what the internet is and how it works, I can't really be confident in their judgement. Binance is regulatory, sure, and must follow within the laws and ordinances of its country of operation, but I don't think there's any real violation made by Binance, that is if you think that I don't know, using cryptocurrencies is legal (which it supposed to be is like what the hell?)

SEC or Binance also for their own benefit, no one is better than anyone else. But I will also support CZ because he is part of the crypto industry, and if the SEC wins, then not only CZ or Binance will be the victim, and maybe we will all be managed and controlled by the SEC. But you're treating them like old people who don't know anything about the internet, which is too much of a disdain for them. Maybe they won't be too tech-savvy, but they're government agencies, they have thousands of advisors in every field. They know what's going on, and what they're doing is because they're too greedy and don't want to ignore a potential market like cryptocurrencies.

[irhact]

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 isn't helping in building the industry instead they're building their own empire in the market. They're centralizing the market to get everything under their control so you shouldn't feel sad that they're getting attacked by the SEC. Both institutions wants the same thing, they both want control so they should fight it out for who gets the control. Binance wants to control crypto market while SEC wants to control crypto exchange.

Crypto should be a decentralized market therefore we shouldn't be supporting neither of them. This tokens been accused of securities might be security so the SEC mightn't be telling a lie. The SEC office won't just come out to sue Binance based on lies, they have solid proof.

[fuguebtc]

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 isn't helping in building the industry instead they're building their own empire in the market. They're centralizing the market to get everything under their control so you shouldn't feel sad that they're getting attacked by the SEC. Both institutions wants the same thing, they both want control so they should fight it out for who gets the control. Binance wants to control crypto market while SEC wants to control crypto exchange.

Crypto should be a decentralized market therefore we shouldn't be supporting neither of them. This tokens been accused of securities might be security so the SEC mightn't be telling a lie. The SEC office won't just come out to sue Binance based on lies, they have solid proof.

Yes, both for their benefit, SEC doesn't want to protect us from scams as they claim, what they want is tax money from us. Meanwhile, Binance wants to be big, and it's all for their profit. It's hard to say who I support, but if given a choice, I would still favor CZ over the SEC and the government. If you want the crypto market to be decentralized, then you have to fight the SEC even more because what they want is taxes, regulation, and total control of the market. Meanwhile, Binance is just an exchange no matter how big they are, as long as you don't use it, it doesn't affect you. But if the SEC and the government were to control the market, that would be a completely different thing.

[BitcoinTurk]

What's your say on this?

I certainly don't support either of them because I don't think either is arguable. Although the SEC is a very powerful organization it often uses this authoritarian power to control and manipulate the markets according to it's own wishes. CZ, on the other hand, is person who makes an effort to show that he is a good man but is actually an individual who directs the cryptocurrency markets and manipulates very seriously in this market. In other words we can say that both of them have similar characteristics.

If we need to look at the positive side it will only be possible to say the following;

The SEC is a very beneficial organization so that small investors don't disappear and are less crushed in the market. Of course, it should not go without mentioning the fact that it is an institution with many disadvantages for small investors.

CZ, on the other hand, is an individual who has put a lot of effort into the development of cryptocurrency markets and reaching a wider target audience.

In other words, although the person and institution in question have benefits for investors it should not be forgotten that both are not completely optimistic.

[bangjoe]

I'd take side with cz just because what he has done for cryptocurrency, now don't ask what exactly because I wouldn't know either but one thing for sure binance wouldn't be where it is without him.

In another view, CZ has a big influence on the development of cryptocurrency in the world, especially the ecosystem owned by Binance, making it easier for people to access cryptocurrency with a centralized exchange method, if your partiality is on the basis of his services for the crypto industry, I think you have good emotional against CZ.
I might also take sides with CZ, but not really, considering that I don't really like the centralized exchange that has a very large dominance in this industry, this makes me think negatively for the future of the industry, but on the other hand also if binance is conquered by SEC, And policies in the accommodation by the government towards binance operations, the possibility of many exchanger who will follow and be under government control.

[KiaKia]

Let's just hope that the SEC doesn't find any dirt on CZ or else it will get uglier for crypto, I don't trust any of them because CZ is human and so are the SEC members, CZ wants the best for his business that's why it's looking like he is in support of crypto.

SEC is also trying to bite hard on CZ and Binance, I am sure they will be happy if the Binance exchange is in control of the government, CZ controlling the biggest exchange in the crypto space is what they don't like.

Either ways it will be a golden opportunity just like the Covid days, many people will surely decide to quit crypto and that's the best time they should stay.

[AbuBhakar]

Let's just hope that the SEC doesn't find any dirt on CZ or else it will get uglier for crypto, I don't trust any of them because CZ is human and so are the SEC members, CZ wants the best for his business that's why it's looking like he is in support of crypto.

SEC will surely find a dirt even if it’s fake or real. SEC will not gonna start a war against Binance if they don’t have a solid evidence against Binance. I believe they have an insider info from previous employee of Binance that feeding them the info. CZ is very smart on making a protocol in advance for handling attack against them.

People will just consider it as FUD when CZ said so since they are inform before this SEC announcement happened. I think crypto people doesn’t need to side on any of them. Why we need to support CZ if he will be investigated? It’s beneficial for crypto to investigate the most prominent and shady personality on crypto.

Atleast he can boost his reputation more if nothing can be found on him and the same time all his shady activities will be busted if there’s really is. Binance market should be only affected and not the general market because CZ doesn’t represent crypto.

[_BlackStar]

In this case I really want to be neutral on the SEC and CZ. Both sides have interests they are fighting for and I never thought either of them would actually play clean. I only support crypto and its users, so I will not side with either side of the lawsuit.

Regardless of the current case - I think the crypto market will only experience impact temporarily as most investors and traders will probably be more cautious about the development of the case and its impact. Even if the market can impact - but it will only be a local problem for BinanceUS which shouldn't have a big impact on the crypto market in the long term.

[Darker45]

There's no denying that Binance has made contributions to the growth and adoption of crypto. But there's also no denying that it has also done a disservice to Bitcoin. More than an advocate of what Bitcoin promotes, Binance is a business. It's after the money, not the realization of the vision of Satoshi. And just because it has done a lot doesn't mean it shouldn't be called out for what it's doing wrong. Binance probably committed a number of violations.

However, the SEC is also as rotten, if not worse. But it badly needs to function if only to prevent the undeniable fraud in the crypto ecosystem from getting worse.

I don't think we only have to choose between CZ or Binance and the SEC. It's not either-or. We can actually support both.

[asriloni]

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.

Binance was really helpful for crypto community but i remind you that if crypto community is also the main factor that's made binance as big as now.
The problem has been occuring for binance us and it will not be affecting binance global. SEC will not able targeting something that is not on its territory.

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 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.

[indah rezqi]

I have no reason to support Binance and no reason to support SEC either. It seems to me that Binance has helped users a lot to buy crypto more easily through the services they offer, while the SEC exists to protect its investors. Both are useful, but the SEC so far seems to want to fight crypto instead of Binance and its policies. I certainly don't know who to blame, but both deserve to be right as well as wrong.

Right now I think the SEC has tended to prioritize personal sentiments rather than institutions, so this case is bound to continue and won't be resolved anytime soon. I don't support anyone, but I really hope the SEC doesn't try to go against crypto and users.