Crypto Billionaire Changpeng Zhao Claims Biden Administration Tried To Make An 'Example' Out Of Him

Crypto Billionaire Changpeng Zhao Claims Biden Administration Tried To Make An 'Example' Out Of Him

Founder and former CEO of Binance (CRYPTO: BNB) Changpeng “CZ” Zhao said Tuesday that the Biden administration personally targeted him to set an “example” in cryptocurrency enforcement. CZ Alleges Biden Administration Was ‘Hostile’ CZ pleaded guilty to violating the Bank Secrecy Act, a law that requires financial institutions to help government agencies detect and prevent money laundering, in 2023. As part of the settlement,  he paid a $50 milli…

Binance founder says he was a victim of the Biden admin's 'hostile environment' on crypto

Changpeng Zhao, better known as CZ, is a survivor.A childhood of poverty in China. Flipping hamburgers to pay his way through college before the self-described computer nerd entered the cutthroat world of high-frequency trading.Soon came his nascent bet on something called bitcoin, the first and most popular decentralized digital asset, the creation of the world's largest crypto exchange, Binance, navigating more than a few crypto winters, plus …

Financial News Network - Binance founder says he was a victim of the Biden admin's 'hostile environment' on crypto

Changpeng Zhao, founder of crypto exchange Binance, discusses his new book "Freedom of Money," his prison stint and his account of Sam Bankman-Fried's plea for a loan as FTX imploded.Read More …