if this attitude towards Binance were to spread, it would certainly cause more damage than the lawsuit by CTFC.

I know it's too bad that this monopol is under the power of one person, but no one can blame him for creating such a successful trading platform. At the same time, I blame the authorities for delaying monitoring them until the breaches occur.
I think everyone believes that the accusations are serious and that they will not pass peacefully, while I personally believe that CZ will succeed in containing the crisis.

According to the circulating news, the conviction file was prepared after one of the phones was hacked (I don't know whose phone exactly) and they found conversations on it on the Signal application. Plus reports from investigative journalism.

By down, I meant those that ended up getting arrested, surrendering and getting tried in the courts. Even on house arrest, he isn't as free as he used to be and will never be the same Arthur Hayes we used to know

From some info I found. What is happening is that institutions like the SEC and CTFC are vying for control of the crypto market. The CTFC considers BTC, ETH, or LTC all commodities, while the SEC considers cryptocurrencies to be securities. There will be 2 scenarios, If the CTFC fails, then cryptocurrencies will not be commodities, and if the lawsuit is established, the SEC is wrong to say that cryptocurrencies are securities.
Both are competing, biting each other to gain control of this potential market, nothing more, nothing less. No one wants to lose a huge tax on cryptocurrency.

Here is the response from CZ.
https://www.binance.com/en/blog/from-cz/czs-response-to-the-cftc-complaint-2408916493005890282

Not going to happen.
The mob needs a leader, that's why every single imbecile dictator has gained so much power, the mob needs one that lies to them, makes them feel secure, speaks their mind, and so on, they don't care about the other things, they don't care about the lies or the shady deals behind, as long as it's good for their wallets they will kiss any ass available in 100 miles radius.
Binance is great, Binance is good, and I made money on it, they don't even realize that all the billions in those coffers CZ brags about are made by fleecing users, made by providing a 3rd party solution that goes against everything in crypto.

You dare criticize CZ or Binance, it's FUDDDDDD!
He fled Japan because he had no license! FUD! He never got a license in Malta despite claiming! FUDDD, the license is #SAFU! Does the US branch have a virtual address and a 1 employee team behind it? FUD! Is he charging you 100x more for real Bitcoins than his fake BNB bitcoin? FUD!

This army of yesmen who would believe any crap and clap on every lie he throws will never shut up and only get angrier or lauder since they somehow identify him as some sort of price indicator, if he goes down it's bye-bye to their dreams also.

 Brazil authorities also sued binance for irregular negotiations of derivatives
https://www.infomoney.com.br/onde-investir/cvm-volta-atras-e-reabre-processo-contra-binance-por-suposta-oferta-irregular-no-brasil/

Looks like binance is having legal problems are all over the globe.

No way, this its part of one most bigger picture, its more USA against China, everybody knows USA doesnt like to lose in any field, and less the goverment of USA.


They are going to put all the pressure on Binance (china) for what they make in the past for destroying his little boy FTX (USA).

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Asides of this geopolitical opinion, i think Binance in his will to expand commit a "error" everybody know in the business things and in some areas, you can make business in the whole world or make business in the USA but not both.

USA after WW2 have his own law and dont give a fuck about international laws and etc, so for that a lot of people doesnt make busines in USA, example, do you see most of the gambling sites doesnt operate in USA, and the one who operates in USA doesnt operates away USA.

In crypto, the same you can see Coinbase in EEUU but not big worldwide.

Disclaimer: Please dont be so idiot to say to me "eeee but Coca Cola sell his product in the whole world", "Toyota sell his cars in the whole world" and etc.

If you know what im talking about you understand my point.

There was an argument a few days back that Wazirx isn't owned by Binance. I was surprised because Binance announced they have acquired wazirx long ago but last year, they announced that they didn't because the acquisition was depending on some agreement. I haven't followed the update though. Well, it proves they are basically having stupid activities everywhere. Good to see that they are being monitored. Would be happy to see their domination getting minimized.

He is a liar, indeed. We all used to know Wazirx is acquired by Binance from their announcement and now, they say they didn't. Can you imagine LOL?