Binance’s CZ Suggests Best Way To Protect US Dollar Dominance
Also Read: Harvard Professor: US Fed ‘Pause’ In June Meet; But There’s A Catch advertisement The CFTC had in March 2023 sued crypto exchange Binance over “wilful evasion of US law,” in the midst of a flurry of various other enforcement actions by the U.S. Securities and Exchange Commission (SEC) against crypto businesses. How The US Can Protect Dollar Dominance Speaking at an “Ask Me Anything” event hosted by Binance on Wednesday, the CEO said the US does not want to lose the US Dollar dominance globally. The United States is a large government with multiple departments looking into the financial sector and different people in the government may have different views, he explained. However, he said adopting the web 3.0 space could actually help the United States ’ cause, in contradiction to the apparent fear of losing relevance if crypto is regulated. In addition, CZ said the US banking giants feel thre...