Cz or the Sec who would you support?

[Smitty Werben Man Jensen]

In the way i see things, also how most users and Bitcoin lovers would think about this case or what happened lately between the Sec trying to break Binance with CZ ahead is something that would effect the market, cryptocurrencies and bitcoin in a very bad way knowing that Binance hold the majority of Market. So we all agree that Sec are only here to destroy what has been built in years and could change the old broken system to something good strong and more secure.
The other hand where we see CZ is building Centralized system and took of what bitcoin originally planned to be. So in this case we don’t support any of these two sides, we are with decentralization !

Yes, it is quite difficult to choose between the two. because both also have their own interests in this matter. CZ may be on Crypto's side and his loss could have a bit of a knock on effect on the crypto market. while the SEC is also struggling to maintain the security of its citizens regarding finances in crypto investments which are increasingly popular. And that is only what appears on the surface. But we don't know what drama is behind all of this. So I prefer to ignore it. But if I had to still choose then I might be on CZ's side. because CZ's loss could impact the crypto market sentimentally.

Yes, there must be a war of drama behind all of this which we never know for sure,
the impact on the crypto market is real and we know the crypto market is so sensitive,
simply put if we are in crypto then we support CZ.

[nimogsm]

Binance has done a lot for the development of cryptocurrency, I like their grant programs for education, financing of new projects, humanitarian aid in case of natural disasters, here they have proven themselves really from the best side. And I understand what the SEC wants from them not so long ago there was a collapse of a rather large FTX exchange, and after that, global harassment and control cannot be avoided now. But I think the issue will be settled in favor of binance.

[summonerrk]

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?

Like any crypto enthusiast, I am for the CZ. After all, we all use Binance, the most expensive and the largest crypto exchange. It has a lot of excellent, reliable and honest financial instruments, including a great P2P, which I constantly use. This method is much faster than the usual withdrawal of money from the exchange.

Yes, the exchange has already include a KYC for a long time, but this is not a problem, this identity verification way has been introduced everywhere for a long time.
So in general, I am against SEC.

[Jatiluhung]

In the way i see things, also how most users and Bitcoin lovers would think about this case or what happened lately between the Sec trying to break Binance with CZ ahead is something that would effect the market, cryptocurrencies and bitcoin in a very bad way knowing that Binance hold the majority of Market. So we all agree that Sec are only here to destroy what has been built in years and could change the old broken system to something good strong and more secure.
The other hand where we see CZ is building Centralized system and took of what bitcoin originally planned to be. So in this case we don’t support any of these two sides, we are with decentralization !

Yes, it is quite difficult to choose between the two. because both also have their own interests in this matter. CZ may be on Crypto's side and his loss could have a bit of a knock on effect on the crypto market. while the SEC is also struggling to maintain the security of its citizens regarding finances in crypto investments which are increasingly popular. And that is only what appears on the surface. But we don't know what drama is behind all of this. So I prefer to ignore it. But if I had to still choose then I might be on CZ's side. because CZ's loss could impact the crypto market sentimentally.

Yes, there must be a war of drama behind all of this which we never know for sure,
the impact on the crypto market is real and we know the crypto market is so sensitive,
simply put if we are in crypto then we support CZ.

Well, because we invest and trade in crypto, or in essence, we are crypto market players, of course we will support anyone who stands for the good of the crypto market itself. And so far, CZ has actually helped fight Fud a lot. And the exchange that he built (Binance) is actually the most comfortable exchange that I have used. so of course I don't want the exchange that I often use to be exposed to bad things. If CZ loses, the max means that his Exchange will definitely be hit and will definitely create panic for the exchange users. Even though the SEC seems to be on the side of customer security. but I personally feel uncomfortable with the actions of the SEC which always corner crypto.

[flyingcarpet]

In the way i see things, also how most users and Bitcoin lovers would think about this case or what happened lately between the Sec trying to break Binance with CZ ahead is something that would effect the market, cryptocurrencies and bitcoin in a very bad way knowing that Binance hold the majority of Market. So we all agree that Sec are only here to destroy what has been built in years and could change the old broken system to something good strong and more secure.
The other hand where we see CZ is building Centralized system and took of what bitcoin originally planned to be. So in this case we don’t support any of these two sides, we are with decentralization !

Yes, it is quite difficult to choose between the two. because both also have their own interests in this matter. CZ may be on Crypto's side and his loss could have a bit of a knock on effect on the crypto market. while the SEC is also struggling to maintain the security of its citizens regarding finances in crypto investments which are increasingly popular. And that is only what appears on the surface. But we don't know what drama is behind all of this. So I prefer to ignore it. But if I had to still choose then I might be on CZ's side. because CZ's loss could impact the crypto market sentimentally.

Yes, there must be a war of drama behind all of this which we never know for sure,
the impact on the crypto market is real and we know the crypto market is so sensitive,
simply put if we are in crypto then we support CZ.

Well, because we invest and trade in crypto, or in essence, we are crypto market players, of course we will support anyone who stands for the good of the crypto market itself. And so far, CZ has actually helped fight Fud a lot. And the exchange that he built (Binance) is actually the most comfortable exchange that I have used. so of course I don't want the exchange that I often use to be exposed to bad things. If CZ loses, the max means that his Exchange will definitely be hit and will definitely create panic for the exchange users. Even though the SEC seems to be on the side of customer security. but I personally feel uncomfortable with the actions of the SEC which always corner crypto.

We can never be sure who serves what. We don't have to choose any side. The names that exist today did not exist 6-7-8 years ago. And the names that exist now may not be in a few years. We love crypto. We also love everyone who works for the good of crypto. So I don't care if someone makes a mistake or not. The only thing I'm interested in is the development of crypto.

There may be individuals or institutions that harm the progress of crypto. We see them from time to time. We also see people using crypto for their own benefit. What is good today may be bad tomorrow. That's why I don't support anyone. The only thing I support is Bitcoin.

[Wildwest]

Since a long time ago I really like the Binance market, so if you judge the two CEOs then I am more happy with the CEO of Binance who can always get the trust of every user, so both of them can now be relied on because the Coinbase market is also very many users and the popularity of both is indeed very large, although they have their own shortcomings but all can be solved well and this is always expected by every user, Although there are ongoing cases, all can be resolved if they want to resolve.

[Oneandpure]

SEC is not as strong as we think how destroying cryptocurrencies after XRP success win against SEC and give positive side with current price of XRP going up drastically. As cryptocurrency holder or investor actually support with CZ how to defeat SEC and has chance to win after XRP success make SEC loss. Its important for CZ announce for defeating SEC because give positive reputation with cryptocurrency at the future and not give space left for SEC interfere in cryptocurrency.

I don't think SEC have capacity how to manage well cryptocurrency at the future because their reputation against with many kinds of altcoin, its time for CZ how to make SEC loss and never interfere their business in cryptocurrency.

[disconnectme]

CZ is not a saint but it seems there is a calculated attack against Binance  and it seems some powerful people wants to punished him for his role at the demise of FTX, this is the same SEC guys that were romancing SBF until the house of cards he built came crashing down. I hope Binance comes out of this unscratched, Ripple team has shown that SEC can be fought and be defeated.

[molsewid]

CZ is not a saint but it seems there is a calculated attack against Binance  and it seems some powerful people wants to punished him for his role at the demise of FTX, this is the same SEC guys that were romancing SBF until the house of cards he built came crashing down. I hope Binance comes out of this unscratched, Ripple team has shown that SEC can be fought and be defeated.

I am sure that CZ has already plan something but I do hope they can win this case as well just like ripple, if they win this case expect that bnb will soar high again and people will more prefer to use binance. SEC should not be blamed for this since they are just doing their work unless they are cooking something or they just want to manipulate and regulate binance.

[Casdinyard]

I agree with you OP, Binance has indeed done its part in making sure that all its users feel safe and secure when they use the platform. But at the same time, securities fraud blatantly expressed by one of their founders is no laughing matter too. And even though I hate SEC with every throbbing cell in my body I feel like they are in the right in this one. I don't promote the complete banning of Binance in the US though, at least monetary sanctions at most so people there could use the platform still but at the same time that's very unlikely considering the SEC's going bonkers on banning and barring every crypto-business out there for some reason. Still, time will tell whether Binance will prevail or not. For now we can only hope it sides with what's going to be in the best interest of the people.

[Ryu_Ar1]

Binance has done a lot for the development of cryptocurrency, I like their grant programs for education, financing of new projects, humanitarian aid in case of natural disasters, here they have proven themselves really from the best side. And I understand what the SEC wants from them not so long ago there was a collapse of a rather large FTX exchange, and after that, global harassment and control cannot be avoided now. But I think the issue will be settled in favor of binance.

Reflecting on the previous case with Ripple for example, I honestly doubt that this case will be resolved quickly because when dealing with the SEC, I don't know why I feel that no matter how small the problem is, it will eventually become bigger and like a hot fireball that attacks what is nearby to burn.
It is possible that this will happen, the case will be resolved but I think it will create a protracted situation whether it is months or years.
Even if you look at the current situation and see that Binance did make a Motion, you can speed up the case in court but in the end it's always the same thing with one case after another popping up.
Moreover, given the statement from former SEC official John Reed Stark that Binance's motion could trigger more upheaval, it's possible that this will be a long drama in the end.

[Crypto Library]

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?

As I am also from the crypto world and since Cz (Changpeng Zhao) is also the same, so, although his real purpose is still not clear to us, even though the Crypto industry is expanding because of him, that is why I also have a feeling of supporting him.
But we must remember that they are expanding the crypto industry not just to help crypto people, their own interests are involved here. It can also be said that the way they are getting bigger and the crypto market is very much centered on them and I think that's not good news to cryptocurrencies, Because the purpose of the invention of this cryptocurrency will gradually disappear as it becomes more like controlling the market conditions.In this case I would say, keep your eyes and ears open while trusting anything centralized.
And what to say about the SEC, I left them out because they are suing those involved in the crypto industry two days in a row, So there is no question of supporting them.

[o48o]

We should worry about our own equivalence to SEC. EU has ESMA and just released new crypto-assets regulation, China has CSRC and so on...

I also don't really understand about china because they ban Bitcoin but HongKong is allowed crypto there and even regulated there and you might know that Hongkong is a special administrative region of China. and they even want to become a web3 hub for the Crypto Sector - https://www.bloomberg.com/news/articles/2023-07-05/why-hong-kong-wants-to-be-a-hub-for-the-crypto-sector

Well china and their "One country, two systems" has always been very confusing. Especially now when there shouldn't be 2 systems but china is apparently too afraid to bring full commnunism to hong kong. Or they have a time frame for that. It would probably cause mayhem of biblical scale to try to implement it right away.

and other cases is Judge rules XRP is not a security in SEC's case against Ripple - https://cointelegraph.com/news/ripple-wins-case-against-sec-as-judge-rules-xrp-is-not-a-security
-cut-

I am guessing this could be a significant boost for the upcoming bull run. Not because XRP is excellent or anything like that. It will raise hopes that most of the other projects don't end up being securities either. I mean apparently SEC thought that Ripple was so obvious security that they kept fighting years in court for it. And if they lose THAT.. Well they would have to have pretty solid evidence for those others. SEC could even see that fighting in the court would be waste of taxpayers money and drop the whole issue.

[Mahanton]

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?

As I am also from the crypto world and since Cz (Changpeng Zhao) is also the same, so, although his real purpose is still not clear to us, even though the Crypto industry is expanding because of him, that is why I also have a feeling of supporting him.
But we must remember that they are expanding the crypto industry not just to help crypto people, their own interests are involved here. It can also be said that the way they are getting bigger and the crypto market is very much centered on them and I think that's not good news to cryptocurrencies, Because the purpose of the invention of this cryptocurrency will gradually disappear as it becomes more like controlling the market conditions.In this case I would say, keep your eyes and ears open while trusting anything centralized.
And what to say about the SEC, I left them out because they are suing those involved in the crypto industry two days in a row, So there is no question of supporting them.

We do really appreciate on what he had done and able to get those benefits and really that having the convenience specially on using up the platform that he had been able to make but im not really that getting shocked
that these places would really be coming into a point on which they would really be experiencing these legal issues and other complaints or on whatsoever things that would be thrown at them by the government
specially now that they have expanded too much or into a certain extent that it do really give out that some alerts into the government because we know that they dont really like on something that would really be
having that huge marketshare on certain industry and this is why now they are now making some issues?

Its not something new anymore and with these kind of shady acts and throwing up some issues is never been that something shocking because they are really that a fan on doing this kind of behavior.
Im not wondering if they wont really be winning up against SEC (hopefully not).

[dansus021]

Well china and their "One country, two systems" has always been very confusing. Especially now when there shouldn't be 2 systems but china is apparently too afraid to bring full commnunism to hong kong. Or they have a time frame for that. It would probably cause mayhem of biblical scale to try to implement it right away.

Yeah righ it little bit confusing mainland china ban related to bitcoin trading and mining but they still produce the miner  but in the other hand they might tell hongkong to implement crypto are they gonna work or not if they work maybe the might lifting the ban and start the crypto in the mainland china aswell

tho they also created Central Bank Digital currency today

[Altryist]

It is true that we cannot interfere or have any impact on the case because the court will decide everything. But if possible, I would also support CZ because at least they are part of the crypto industry, and we are using the services they provide. Although the SEC is just trying to control and slow down the development of the crypto industry, if we support the SEC, it is no different than we are supporting the government to intervene in the market to regulate them. But I don't understand why so many people support the SEC.

CZ is also not the most honest player, and besides, he has been cooperating with the SEC for a long time, I assume that, at the request of the relevant authorities, he provided the information they needed about users and their transactions, but still, in the end, he did quite a lot for the crypto industry. The SEC simply try slows down crypto industry, each time trying to invent some new accusations.

[Mr.suevie]

It is true that we cannot interfere or have any impact on the case because the court will decide everything. But if possible, I would also support CZ because at least they are part of the crypto industry, and we are using the services they provide. Although the SEC is just trying to control and slow down the development of the crypto industry, if we support the SEC, it is no different than we are supporting the government to intervene in the market to regulate them. But I don't understand why so many people support the SEC.

CZ is also not the most honest player, and besides, he has been cooperating with the SEC for a long time, I assume that, at the request of the relevant authorities, he provided the information they needed about users and their transactions, but still, in the end, he did quite a lot for the crypto industry. The SEC simply try slows down crypto industry, each time trying to invent some new accusations.

That actually the whole issue with CZ and this sec sue, the  sec has been know to target major crypto influencer that boost the whole system of crypto and cz binance is one of those big dog in the crypto community when its come to CEX, their goal of slowing down the crypto industry was felt as the time the actual case was filed all crypto was affect greatly including BTC suffered a major dip in the market and this always causes panic among investors which is not good for the Industry and I will definitely support CZ on this thats if am given a chance.

[Wimex]

I am not a supporter of the SEC, after seeing the actions of this organization against cryptographic progress, I have been dissatisfied with how they handle their political affairs, technological advances are supposed to be innovations that contribute to the community and countries in their progress and digital currencies have demonstrated with facts that they comply with this task, so I do not see the point of so much controversy, on the other hand, the owner of Binance has supported these assets tooth and nail, so in part it could be said that if he is contributing by the rise of these coins….but despite the fact that both the SEC and CZ hold different points of view, neither meets the characteristics to support them, since despite the fact that CZ is in favor of cryptocurrencies, everything he does is done to get something in return, like all those who take advantage of the opportunity to practically earn through people who do work, almost like banks…so taking into account all of the above, I would definitely not take sides in this situation.

[Sovannar Sangha]

I am not a supporter of the SEC, after seeing the actions of this organization against cryptographic progress, I have been dissatisfied with how they handle their political affairs, technological advances are supposed to be innovations that contribute to the community and countries in their progress and digital currencies have demonstrated with facts that they comply with this task, so I do not see the point of so much controversy, on the other hand, the owner of Binance has supported these assets tooth and nail, so in part it could be said that if he is contributing by the rise of these coins….but despite the fact that both the SEC and CZ hold different points of view, neither meets the characteristics to support them, since despite the fact that CZ is in favor of cryptocurrencies, everything he does is done to get something in return, like all those who take advantage of the opportunity to practically earn through people who do work, almost like banks…so taking into account all of the above, I would definitely not take sides in this situation.

Cz performs its duties and the SEC carries out its duties and functions. Yes. Each in their own point of view. But there is something lacking in terms of handling even though everything needs a process. If there is something in terms of completion it will take years and there is no common ground. See the XRP case. from the beginning until now still not sure direction. win or lose. Lots of SEC delays. Will Binance do the same as XRP?

[LittleBitFunny]

It is true that we cannot interfere or have any impact on the case because the court will decide everything. But if possible, I would also support CZ because at least they are part of the crypto industry, and we are using the services they provide. Although the SEC is just trying to control and slow down the development of the crypto industry, if we support the SEC, it is no different than we are supporting the government to intervene in the market to regulate them. But I don't understand why so many people support the SEC.

CZ is also not the most honest player, and besides, he has been cooperating with the SEC for a long time, I assume that, at the request of the relevant authorities, he provided the information they needed about users and their transactions, but still, in the end, he did quite a lot for the crypto industry. The SEC simply try slows down crypto industry, each time trying to invent some new accusations.

CZ is like us, can you resist the authorities when they want to arrest and interrogate you? Therefore, we cannot blame or criticize if CZ provides all user data to the SEC or government when they request it. Binance is just a business, and compliance with the law is inevitable.

I know both are for their own benefit, even if we enter the market for our own purposes, so don't criticize others without looking at yourself. But if we judge fairly, CZ or SEC, who has benefited the market over the years? By assessing those things, we will know who is worthy of our support even though we may not like both because it is all for personal gain, including ourselves.