With the current issue in the crypto world between Cz (Changpeng Zhao) Ceo of binance and the Sec, I support Cz with reasons that binance has done alot to earn it's communities trust,helping millions of users in the crypto ecosystem,and has more durable marketing strategy whereas the Sec is government driven and wants to control everybody.
It's unfair that the sec is suppressing a private cooperation that's helping to grow & build the crypto world, binance is helping everybody including crypto whales and newbies and a fight against binance is against the world.
What's your say on this?
Binance isn't helping in building the industry instead they're building their own empire in the market. They're centralizing the market to get everything under their control so you shouldn't feel sad that they're getting attacked by the SEC. Both institutions wants the same thing, they both want control so they should fight it out for who gets the control. Binance wants to control crypto market while SEC wants to control crypto exchange.
Crypto should be a decentralized market therefore we shouldn't be supporting neither of them. This tokens been accused of securities might be security so the SEC mightn't be telling a lie. The SEC office won't just come out to sue Binance based on lies, they have solid proof.
Yes, both for their benefit, SEC doesn't want to protect us from scams as they claim, what they want is tax money from us. Meanwhile, Binance wants to be big, and it's all for their profit. It's hard to say who I support, but if given a choice, I would still favor CZ over the SEC and the government. If you want the crypto market to be decentralized, then you have to fight the SEC even more because what they want is taxes, regulation, and total control of the market. Meanwhile, Binance is just an exchange no matter how big they are, as long as you don't use it, it doesn't affect you. But if the SEC and the government were to control the market, that would be a completely different thing.