Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? 
also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.
also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it. Yeah it did have a negative effect on the market after this was announced by CFTC, the good news is that we're already bounce back above $28k so this is none factor for bitcoin market.
As far as the case goes, not sure if it has something to do with the FTX collapse or what CZ do initially (try to save it, and then balk at the last minute).
And I thought that CZ has Binance.US to cater for the Americans, but perhaps it's not enough for CFTC.
cant be something to be easily shaken off.This is why we do see the price hadnt been that affected that much which means that this market cant be easily shaken off now.
Doesnt matter on whose gonna be affected or would be having that FUD, what matter most is that we dont crash out but if ever the price would crash, then
the best thing would really be buying back on lower prices.
Seems people are immune to fuds now since nothing happen to the market when this fud release. People just ignore it or maybe they know that CZ has receiving this kind of threat over years since there are legal entities want to control over their operation or manipulate something into their favor.
Not only immune to the FUD, it looks like the US authority on Bitcoin market isn't that huge anymore. Before when something bad announcement from SEC, Bitcoin tends to react badly but not, it looks like the market isn't that much affected. This is the beauty when the market adoption grows globally. There is not one authority that can control the fate of its market.
US is a big market but if he get hardship towards acceptance on legal talks with them maybe its good for CZ to leave the US market and focus to other so that he will not get disturb by those officials who's not open for innovation on digital financing.
Even though the USA is big market, it can't be compared to the global market, besides traders are now aware of the propaganda and hidden agenda of some institution that is why the market isn't that much affected anymore.