What Happened?
Changpeng Zhao (CZ), the former CEO and founder of Binance, said that a big U.S. venture capital firm is spending millions of dollars to lobby against Binance. CZ believes this firm is trying to block Binance from helping the U.S. become a leader in cryptocurrency.
He made these comments online while answering questions from users. He says this is just a fear of competition—because the venture firm invested in a U.S. crypto exchange and doesn’t want Binance to grow in the American market.
Binance Coin Price Remains Stable
Even with these strong claims, the price of Binance Coin (BNB) hasn’t changed much. There’s been no drop in value or unusual trading activity, meaning the market doesn’t seem worried.
Crypto investors and traders are used to public fights like this. In the past, similar news also didn’t cause panic or big price changes. The market seems to stay calm during media or legal issues involving major crypto figures.
No Action from U.S. Regulators Yet
So far, U.S. government agencies like the SEC have not made any public comments about the claims. That suggests this is mostly a private business issue, not a legal or government problem.
Some in the crypto community are showing support for CZ. For example, Justin Sun, a well-known crypto leader, has also backed him.
What CZ Said
“A large venture capital firm that invested in a certain cryptocurrency exchange in the U.S. is heavily lobbying against ‘Binance helping the U.S. become the cryptocurrency capital.’ They have spent millions of dollars on ‘lobbying activities.’ This is a sign of fear of competition.”
— Changpeng Zhao, Former CEO and Founder of Binance
Did You Know?
CZ is known for staying calm during media attacks. This has helped Binance stay strong and keep prices stable, even when there’s bad news. The crypto market is now less sensitive to these kinds of disputes.
Disclaimer: This article is for information only and not financial advice.
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