BlockBeats News, February 11, Binance founder CZ stated in an interview on the All-In podcast that “there are over 20 scheduled meetings or calls every day, along with handling some ad-hoc tasks and social media responses. Despite being very busy, this work is very meaningful. This sense of accomplishment has nothing to do with money or business growth and is difficult to describe in words.”
During Biden’s presidency, the U.S. government claimed that organizations like Hamas were using Binance and that Binance did not take sufficient measures to address this. There are legal restrictions on discussing related plea deals. The Biden administration holds a hostile attitude towards cryptocurrency, openly stating they intend to “fight against it.” The policy changes from the Trump administration were positive for the U.S. and the world. The hostility towards cryptocurrency likely stems from fear of the new, as well as lobbying influence from the traditional financial industry.
Between 2018 and 2020, Binance operated well. In 2019, Binance established a U.S. entity. The reason was that there were reports at the time that the U.S. government was targeting Binance and Bitfinex. After consulting friends with legal backgrounds, the decision was made to register in the U.S. This was a standalone entity that was regulated from the beginning.”
