The US watered down crypto when it ousted Binance’s Zhao — and that’s okay

Crypto is full of divisive figures, but Binance CEO Changpeng Zhao is right up there. 

He’s threatened to sue journalists, airdropped crypto to earthquake victims in lieu of food or aid, and even once suggested rolling back the Bitcoin blockchain to undo a $40 million hack on his exchange. 

Or should I say, was right up there. The US muzzled Zhao with money laundering and sanctions violations last week. 

But like a monk shedding himself of worldly possessions before attaining enlightenment, crypto as an “industry” could probably do without quite as many cults of personality. 

And what better way than to remove one of the largest personalities than with a court order?


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