- Binance CEO claims a venture firm lobbying against its U.S. influence.
- Binance Coin’s price shows stability, despite defamation allegations.
- Market unaffected by claims, no regulatory reactions reported.
Changpeng Zhao, Binance CEO, claims a U.S. venture firm lobbies against Binance in a recent online interaction. His comments highlight alleged financial efforts to reduce Binance’s influence, potentially impacting U.S. cryptocurrency aspirations.
The claims suggest financial maneuvers to curb Binance’s role in U.S. crypto developments, yet Binance Coin’s pricing stability indicates minimal short-term economic disruption.
Venture Firm Allegedly Spends Millions to Lobby Against Binance
Zhao’s responses to user inquiries suggest financial lobbying against Binance’s U.S. presence. He claims a venture firm invested in a U.S. cryptocurrency exchange spills over “millions” for lobbying. Zhao’s statements follow lingering tensions with traditional media outlets and competitors. Despite Zhao’s allegations, Binance Coin remains stable, with no immediate pricing declines or trade volume inconsistencies. Market sentiment shows resilience against media controversies, a trend seen in past cases involving exchange leaders. Community reaction is largely supportive; industry figures like Justin Sun have backed Zhao. Notably, regulatory bodies such as SEC have not issued any statements, suggesting private sector machinations rather than official interventions.
Binance Coin Shows Resilience Amid Accusations
Binance Coin Shows Resilience Amid Accusations
Did you know? Zhao’s steady handling of media conflicts highlights a pattern in crypto of maintaining price stability amid public accusations, reinforcing market desensitization to such disputes. A snapshot of Binance Coin on May 25, 2025, shows $660.73 with a market cap of 93.09 billion, according to CoinMarketCap data. Trading volume decreased by 23.61% over 24 hours amidst a 1.91% price dip. Despite recent claims, BNB maintains a modest 2.31% seven-day increase. Coincu research identifies potential shifts from investor fatigue related to lobbying and media controversies. Historical trends indicate short-lived volatility in similar scenarios, suggesting cautious optimism toward Binance’s continued influence. Investor analytic patterns echo past resilience, paving the way for cautious stability.
Did you know? Zhao’s steady handling of media conflicts highlights a pattern in crypto of maintaining price stability amid public accusations, reinforcing market desensitization to such disputes.
“A large venture capital firm that invested in a certain cryptocurrency exchange in the U.S. is heavily lobbying against ‘Binance helping the U.S. become the cryptocurrency capital.’ They have spent millions of dollars on ‘lobbying activities.’ This is a sign of fear of competition.” — Changpeng Zhao (CZ), Former CEO and Founder, Binance
Source: https://coincu.com/339601-binance-ceo-accusation-venture-firm/