- The U.S. crypto regulatory scene has grown increasingly hostile in 2023.
- The growing hostility has sparked discussion of a crypto business exodus from the U.S.
- Binance’s Changpeng “CZ” Zhao nonetheless remains optimistic.
The U.S. crypto regulatory scene has grown increasingly hostile since the collapse of FTX in November 2022.
The increase in enforcement efforts and informal guidance aimed at discouraging interactions between crypto and traditional finance has sparked speculation of a coordinated effort to cut off the industry from much-needed liquidity. These efforts have led to talk of a U.S. crypto exodus, but Binance’s Changpeng “CZ” Zhao has expressed optimism that the situation will change.
Zhao Is Optimistic
In an Ask Me Anything session on Wednesday, May 17, Zhao revealed that he expects the U.S. to pivot to a more crypto-friendly stance eventually.
The Binance chief…
