CZ might be in a bit more trouble.
It looks like BNB was sold, making it a security. This is no surprise.
$15 million raised. This will result in a small fine, a slap on the wrist.
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CZ doesn't get in trouble he gets minor fines when they clear him of past wrong doing. Those projects that get investigated get a tiny slap fine, and move forward with lot's of confidence, they have already been investigated.
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That is true. Although his "luck" might run out.
We all know if they want someone bad enough, they will keep chipping away until they take him/her down.
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Maybe true, we'll have to watch and see. My theory is they are cleansing the folks they want to keep in the space. For some reason I actually think they like CZ and see him as a rule following asset. Time will tell.
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Not to be outdone, they are also being investigated for laundering money for the North Koreans.
CZ really didnt have a good day. Maybe tomorrow will be better.
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Time to short bnb?
It will pass eventually I guess.
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Most likely a drawn out investigation with CZ paying a fine.
Look at what BlockOne did. They took in $4 billion and paid $20 million.
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As long as we have to pay gas fees to do anything with CUB, POLYCUB, bLEO, etc, we will need BNB. BNB may be safe in this regard.
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There is a utility that always helps the base coins. Just like people needing HP to operate on Hive.
It gives a use case that only accelerates as the platform becomes more popular.
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I don't think so. I think it will just mean more regulations.
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This happens all the time but I guess they just want more regulation and power over the crypto companies.
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I think he will get through it without a scratch :)
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I think he is just riding on luck till now. Hopefully the BNB price will not suffer much.
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It looks like a small fine for Binance and it's like the price of doing business. As long as they earn more than they lose, they don't care.
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