- Binance CEO Changpeng Zhao launched a Twitter poll titled “Who is protecting you better? Binance or SEC?”
- About 212,000 votes were cast in the poll, with over 85% of the votes in favor of Binance.
- Binance has hired former officials from the SEC’s Enforcement Division to fight against the SEC’s lawsuit.
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Following the SEC’s lawsuit against Binance and its CEO CZ, CZ launched a poll for the crypto community.
CZ Launches Twitter Poll After SEC Lawsuit.
Binance CEO Changpeng Zhao launched a Twitter poll titled “Who is protecting you better? Binance or SEC?” The crypto exchange and CZ have received unwavering support from the crypto industry. About 85% of the votes in the poll were in favor of Binance, while only 14% preferred the US Securities and Exchange Commission (SEC).
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The unwavering support from the crypto community demonstrates user trust in Binance, while the SEC continues to face criticism for its regulatory approach.
The US Securities and Exchange Commission (SEC) has charged Binance and CZ with violating securities laws in the Columbia District.
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The SEC is already battling Ripple and Coinbase, and experts say the outcome of the Ripple case may not be known until August of this year after a long legal battle. Coinbase has also complained to the SEC about seeking clarity on crypto regulations and rules after the SEC sent Coinbase a wells notice in March.
Binance CEO CZ and Cardano founder Charles Hoskinson agree that this is a perfect opportunity for the crypto industry to come together for clarity on rules and guidelines.
Binance Hires Former SEC Officials
Crypto exchange Binance has hired former officials from the SEC’s Enforcement Division to fight against the SEC’s lawsuit. Former SEC officials include Richard Grime, William R. Baker, and Bill McLucas.
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The Department of Justice (DOJ) may also bring charges against Binance and participate in the SEC and CFTC’s investigation and litigation process.
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