Popular cryptocurrency exchange, Binance CEO Changpeng Zhao, or as he’s better known by his initials CZ has gone on a “Twitter Tirade” regarding the recent probe into the company's finances. This is an initiative that many exchanges and crypto-related companies have been experiencing, including other popular names such as Coinbase, Crypto.com, Opensea, and the list goes on and on.
Whatever your political beliefs are, the facts are as clear as day. The United States and the Chinese Communist Party are known adversaries, and with the political climate getting worse, we may expect to see more crackdowns like this regarding companies with even a scent of ties to China. It’s important to note, from the Binance CEO’s perspective, that China has banned any and all activity involving cryptocurrency, which of course includes Binance and all other exchanges in that category. Is this simply racially motivated? Or is there a deep underlying connection between the crypto giant Binance and the Chinese Communist Party? Once again, facts don’t lie, and whether or not there is a connection, doesn’t disregard the fact that the CEO made a whopping $100 billion, now with the crypto winter looming over us, that number has dropped to a still staggering $20 billion.
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