that feeling when the people are against the state and support the binance

2 years ago

Most members of the crypto community came to the defense of Binance. Many representatives of the crypto industry agreed that the pressure of the SEC on the largest crypto exchange can be seen as a full-fledged war of the Commission against the entire cryptocurrency market. To defeat the Commission, cryptans are sure, all members of the crypto community need to unite. The pressure of the SEC, in their opinion, only contributes to the rallying of representatives of the crypto industry.

Binance and the head of the crypto exchange, Changpeng Zhao, were supported by many popular representatives of the crypto industry:

The founder of the TRON crypto project, Justin Sun, wrote a letter in which he expressed his support for the head of Binance. In the publication, the businessman repeatedly noted the belief in the honesty of his friend and wished him to successfully cope with the test that befell the company.

CryptoQuant CEO Ki Yong Ju drew attention to the confidence of investors in the stability of Binance, noting that the SEC pressure was not a reason for the withdrawal of a large amount of assets from the exchange.

Cardano founder Charles Hoskinson also came to the defense of Binance and Zhao. In his opinion, the pressure on the crypto exchange and the entire digital asset industry from US regulators is nothing more than a step towards freeing the market for the launch of the government-controlled central bank digital currency (CBDC) - the digital dollar.

At the same time, many market participants noted that they trust Binance much more than the authorities. Amid a wave of support, Zhao asked the audience to answer the question of who they think is better at protecting them: the SEC or Binance. As of the time of writing the review, the crypto exchange is leading by a significant margin.

However, there were also supporters of the SEC in the crypto community. For example, the popular crypto blogger WhaleWire noted that he had long been preparing to file claims against Binance. In his microblog, he published a picture with the name of the crypto-exchange, changing it in such a way that the first three letters turned into the English word “goodbye” (bye). Probably, in this way, WhaleWire hinted that he was waiting for the death of Binance.

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