Let me make this clear. I'm not a Binance fanboy. I use Binanceus But reluctantly.
I've been doing a little bit of research on their new CEO Richard Teng, and this guy seems well suited for the situation at hand. Specifically that he hails from Trad-fi. He's worked with, and for regulatory bodies, he knows his way around regulations in regards to traditional finance, and it almost seems like he was brought on at the perfect time to learn enough about Binance, and take the helm.
Binance board, and executives knew what was coming a long time ago, and set this play. The SEC no longer has any cards to play. CZ steps down, Binance played cards with US regulators, even without clear regulations in regards to crypto.
This is an active show of support for the crypto community by Binance, and should be respected. I personally think that binance will remain in the top three global crypto exchanges.
CZ and Binance did the right thing.
Edit for grammar.
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