Recently, Binance has garnered significant attention due to speculations about the sale of its U.S. shares through WLFI. Binance’s founder, CZ, has refuted these claims, labeling them as entirely baseless.
What Did CZ Say About the Allegations?
In a response shared via social media, CZ addressed the rumors propagated by WSJ. The speculation emerged after Justin Sun made a notable investment in WLFI, leading to conjectures about CZ’s intentions to follow suit. CZ clarified that he has not entertained any discussions regarding a deal affecting Binance’s U.S. operations.
Why is This Significant for Binance?
CZ expressed his dissatisfaction with the misrepresentation of events by WSJ, cautioning against assumptions that he is seeking a deal. This is particularly important given his unique legal standing as the only person convicted for a BSA offense in U.S. history. He suggested that the ongoing scrutiny reflects a broader 'war against crypto.'
Impact on BNB Coin Price
The recent events have influenced the price of BNB Coin, which saw a decline to the $575 range after previously surpassing $600, highlighting the connection between market perception and news developments in the crypto space.
Despite the speculation and legal challenges, Binance and its founder remain in the spotlight. This situation highlights the complex relationship between crypto companies and regulatory authorities.
