{"id":87466,"date":"2023-11-22T09:01:06","date_gmt":"2023-11-22T14:01:06","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/industry-leaders-optimistic-despite-binance-crackdown\/"},"modified":"2023-11-22T09:01:07","modified_gmt":"2023-11-22T14:01:07","slug":"industry-leaders-optimistic-despite-binance-crackdown","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=87466","title":{"rendered":"Industry Leaders Optimistic Despite Binance Crackdown"},"content":{"rendered":"<div>\n<figure id=\"attachment_135168\" aria-describedby=\"caption-attachment-135168\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-135168\" class=\"wp-caption-text\">Source: Adobe \/ XaMaps<\/figcaption><\/figure>\n<p>Following Binance\u2019s massive $4.3 billion fine and founder and CEO Changpeng \u201cCZ\u201d Zhao\u2019s decision on Tuesday to step down from the company, industry leaders have been reassuring the community that crypto is here to stay, and that it\u2019s likely to come out even stronger.<\/p>\n<p>Among those who have shared their thoughts on the dramatic events is Coinbase\u2019s Chief Legal Officer, Paul Grewal, who said on social media platform X that he sees Binance\u2019s settlement as a catalyst for proactive regulation and clear laws governing crypto.<\/p>\n<p>Grewal pointed to the resilience of the crypto market, saying \u201ccrypto isn\u2019t going anywhere,\u201d and instead stressed the need for sensible regulation to ensure secure domestic crypto services will still exist in the future for American consumers.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m watching the <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> news, too. While we wait for a DOJ announcement, a reminder: crypto isn\u2019t going anywhere. But to create a thriving cryptoeconomy in the US, we need clear, sensible regulation so American consumers have access to secure domestic crypto services. 1\/4<\/p>\n<p>\u2014 paulgrewal.eth (@iampaulgrewal) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/iampaulgrewal\/status\/1727043555678691482?ref_src=twsrc%5Etfw\">November 21, 2023<\/a><\/p>\n<\/blockquote>\n<p>Coinbase CEO Brian Armstrong echoed the sentiment, saying on the same platform that Coinbase will continue to operate as a crypto exchange in the US.<\/p>\n<p>He added that the news is a chance to turn a new chapter for the industry, and, like Grewal, emphasized the importance of regulatory clarity.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Since the founding of Coinbase back in 2012 we have taken a long-term view. I knew we needed to embrace compliance to become a generational company that stood the test of time. We got the licenses, hired the compliance and legal teams, and made it clear our brand was about trust\u2026<\/p>\n<p>\u2014 Brian Armstrong \ud83d\udee1\ufe0f (@brian_armstrong) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1727054176763756826?ref_src=twsrc%5Etfw\">November 21, 2023<\/a><\/p>\n<\/blockquote>\n<p>Despite the optimistic tone set by the Coinbase executives, some also used the occasion to criticize the crypto industry:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Wow, I mean, if you had told me 3 years ago that:<\/p>\n<p>FTX<br \/>Binance <br \/>BlockFi<br \/>Terra<br \/>Celsius Network<br \/>Voyager Digital<br \/>Three Arrows Capital<br \/>Gemini Trust<br \/>Hodlnaut <\/p>\n<p>And hundreds of other companies were all run by frauds<\/p>\n<p>I would have absolutely believed you<\/p>\n<p>\u2014 Chris Bakke (@ChrisJBakke) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ChrisJBakke\/status\/1727024189549449666?ref_src=twsrc%5Etfw\">November 21, 2023<\/a><\/p>\n<\/blockquote>\n<p>Despite varying opinions, many crypto enthusiasts believe that Binance\u2019s shakeup will ultimately benefit the industry.<\/p>\n<p>Ryan Selkis, founder and CEO of Messari Crypto, described Binance\u2019s settlement as a \u201cderisking\u201d for the exchange, calling it \u201cone of the biggest catalysts we could have in crypto.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Binance derisking is one of the biggest catalysts we could have in crypto.<\/p>\n<p>+ Crypto is a &#8220;real&#8221; industry post $4 billion settlement<br \/>+ CZ takes a long-needed Miami vacation a la Arthur<br \/>+ Market rips higher, ETFs approved in Jan<br \/>+ GOP wins 2024 election, crypto laws passed<\/p>\n<p>\ud83e\udee1 CZ<\/p>\n<p>\u2014 Ryan Selkis (d\/acc)\ud83e\udeb3 (@twobitidiot) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/twobitidiot\/status\/1727015806025040171?ref_src=twsrc%5Etfw\">November 21, 2023<\/a><\/p>\n<\/blockquote>\n<p>Others offered more humorous takes, with for instance the well-known venture investor and podcast host Jason Calacanis making a joke about CZ\u2019s tweet where he said he might \u201ccoach\/mentor\u201d startup entrepreneurs now that he is done as CEO of Binance.<\/p>\n<p>\u201cCrypto folks are built different,\u201d Calacanis said.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Lord, give me the confidence to plead guilty to federal charges, pay a $4b+ fine, and have the audacity to offer myself up as an advisor to startups! \ud83e\udd26\ud83d\ude02\ud83e\udee1<\/p>\n<p>Crypto folks are built different https:\/\/t.co\/NApclzD5Aa<\/p>\n<p>\u2014 @jason (@Jason) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Jason\/status\/1727093288703053846?ref_src=twsrc%5Etfw\">November 21, 2023<\/a><\/p>\n<\/blockquote>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/crypto-isnt-going-anywhere-industry-leaders-optimistic-despite-binance-crackdown.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe \/ XaMaps Following Binance\u2019s massive $4.3 billion fine and founder and CEO Changpeng \u201cCZ\u201d Zhao\u2019s decision on Tuesday to step down from the company, industry leaders have been reassuring the community that crypto is here to stay, and that it\u2019s likely to come out even stronger. Among those who have shared their thoughts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":87467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-87466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industry Leaders Optimistic Despite Binance Crackdown | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Adobe \/ XaMaps Following Binance\u2019s massive $4.3 billion fine and founder and CEO Changpeng \u201cCZ\u201d Zhao\u2019s decision on Tuesday to step down from the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=87466\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry Leaders Optimistic Despite Binance Crackdown | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Source: Adobe \/ XaMaps Following Binance\u2019s massive $4.3 billion fine and founder and CEO Changpeng \u201cCZ\u201d Zhao\u2019s decision on Tuesday to step down from the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=87466\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T14:01:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-22T14:01:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1700659580-triumph.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"825\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=87466#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=87466\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Industry Leaders Optimistic Despite Binance Crackdown\",\"datePublished\":\"2023-11-22T14:01:06+00:00\",\"dateModified\":\"2023-11-22T14:01:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=87466\"},\"wordCount\":555,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=87466#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=87466\",\"url\":\"https:\/\/ifintechworld.com\/?p=87466\",\"name\":\"Industry Leaders Optimistic Despite Binance Crackdown | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-22T14:01:06+00:00\",\"dateModified\":\"2023-11-22T14:01:07+00:00\",\"description\":\"Source: Adobe \/ XaMaps Following Binance\u2019s massive $4.3 billion fine and founder and CEO Changpeng \u201cCZ\u201d Zhao\u2019s decision on Tuesday to step down from the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=87466#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=87466\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=87466#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Industry Leaders Optimistic Despite Binance Crackdown\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Industry Leaders Optimistic Despite Binance Crackdown | iFintechWorld","description":"Source: Adobe \/ XaMaps Following Binance\u2019s massive $4.3 billion fine and founder and CEO Changpeng \u201cCZ\u201d Zhao\u2019s decision on Tuesday to step down from the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=87466","og_locale":"en_US","og_type":"article","og_title":"Industry Leaders Optimistic Despite Binance Crackdown | iFintechWorld","og_description":"Source: Adobe \/ XaMaps Following Binance\u2019s massive $4.3 billion fine and founder and CEO Changpeng \u201cCZ\u201d Zhao\u2019s decision on Tuesday to step down from the","og_url":"https:\/\/ifintechworld.com\/?p=87466","og_site_name":"iFintechWorld","article_published_time":"2023-11-22T14:01:06+00:00","article_modified_time":"2023-11-22T14:01:07+00:00","og_image":[{"width":1280,"height":825,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1700659580-triumph.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=87466#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=87466"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Industry Leaders Optimistic Despite Binance Crackdown","datePublished":"2023-11-22T14:01:06+00:00","dateModified":"2023-11-22T14:01:07+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=87466"},"wordCount":555,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=87466#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=87466","url":"https:\/\/ifintechworld.com\/?p=87466","name":"Industry Leaders Optimistic Despite Binance Crackdown | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-22T14:01:06+00:00","dateModified":"2023-11-22T14:01:07+00:00","description":"Source: Adobe \/ XaMaps Following Binance\u2019s massive $4.3 billion fine and founder and CEO Changpeng \u201cCZ\u201d Zhao\u2019s decision on Tuesday to step down from the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=87466#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=87466"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=87466#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Industry Leaders Optimistic Despite Binance Crackdown"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/87466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87466"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/87466\/revisions"}],"predecessor-version":[{"id":87468,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/87466\/revisions\/87468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/87467"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}