I've been waiting for Binance to be targeted as soon as the FTX situation blew up and regulators realized that Binance did the exact same thing as FTX, but they were able to survive a cycle doing so and became insanely wealthy as a result. Looks like now that regulators have caught on, they are going to be looking to take a piece of flesh from CZ. This is in no way a positive development for Bitcoin in the short term, and we're already seeing the start of the pain, but long term I think if we want to see Bitcoin hit the high 6 figures, it is absolutely necessary to weed out the bad actors in the space, and Binance is just FTX with a first mover advantage.
Who is a good actor among exchanges?
Some say that they are, but they got NO volume, like Gemini.
Congress needs to pass some laws pronto or, else, american exchanges can be shut down and US would lose whatever they did not lose yet (in this space).
Every exchange is a good actor waiting to become a bad actor. No matter how trustworthy, the problem lies with the fact that you still have to trust them. This goes against what Bitcoin stands for.
Lets stop pretending and all the fake surprise. No matter what Bitcoin stands for, the same cunts who run shit from the political and financial sector are still the same cunts who run shit in the so called "crypto"/ Bitcoin sector.
Until FIAT has no more value than shit stuck to the bottom of your shoe, the same BS Cycle of Crypto, Defi, Shitherum fanboys, and scams will continue
Society is controlled by cunts, promoted by their corrupt propaganda media and the rest of the bottom feeders.
Fuck! Binance and FTX, Cryptsy, MtGox the rest of the ohter centralised wankers.