Post
Topic
Board Economics
Re: Cz or the Sec who would you support?
by
LittleBitFunny
on 20/07/2023, 05:40:45 UTC

It is true that we cannot interfere or have any impact on the case because the court will decide everything. But if possible, I would also support CZ because at least they are part of the crypto industry, and we are using the services they provide. Although the SEC is just trying to control and slow down the development of the crypto industry, if we support the SEC, it is no different than we are supporting the government to intervene in the market to regulate them. But I don't understand why so many people support the SEC.
CZ is also not the most honest player, and besides, he has been cooperating with the SEC for a long time, I assume that, at the request of the relevant authorities, he provided the information they needed about users and their transactions, but still, in the end, he did quite a lot for the crypto industry. The SEC simply try slows down crypto industry, each time trying to invent some new accusations.

CZ is like us, can you resist the authorities when they want to arrest and interrogate you? Therefore, we cannot blame or criticize if CZ provides all user data to the SEC or government when they request it. Binance is just a business, and compliance with the law is inevitable.

I know both are for their own benefit, even if we enter the market for our own purposes, so don't criticize others without looking at yourself. But if we judge fairly, CZ or SEC, who has benefited the market over the years? By assessing those things, we will know who is worthy of our support even though we may not like both because it is all for personal gain, including ourselves.