Binance CEO Denies Allegations Amid Crypto Rivalry With Coinbase
Coinbase is currently facing allegations of orchestrating media attacks against Binance and Donald Trump’s USD1 stablecoin project. This controversy highlights the intense competition within the crypto exchange landscape. Industry insiders view Coinbase’s actions as a strategic move to counter Binance’s potential re-entry into the U.S. market, underscoring the high-stakes rivalry between the two crypto giants.
Binance CEO Changpeng Zhao (CZ) has vehemently denied accusations of illicit dealings and hinted at legal recourse. He has also been expanding his influence by advising governments on blockchain regulation. CZ has categorically rejected claims that Binance engineered the USD1 stablecoin’s smart contract and engaged in a…
