Hey, buddies 😉 Today I've got a big scoop for you, the crypto world has exploded! Binance's big boss CZ has thrown a super heavy bomb on X platform, directly tearing apart (The Wall Street Journal)!
👀 First, let's talk about (The Wall Street Journal). A few days ago, for some unknown reason, through their PR team, they threw a bunch of 'full of errors and negative assumptions' questions at CZ, trying to portray him as a sneaky 'middleman' in the cryptocurrency industry. What did they say?
😒 First, it was said that CZ connected the Trump family project, claiming he introduced Indian actor Sakib Saleem to the WLFI foundation team supported by the Trump family and helped arrange overseas travel introductions for the foundation. Second, more absurdly, it even hinted that CZ had secret dealings with the Trump administration, even compromising for a presidential pardon.
🤣 Haha, but these accusations are just paper tigers in front of CZ. In a statement, CZ directly slapped (The Wall Street Journal) in the face: "I am not anyone's middleman! Mr. Sakib and the WLFI team had already been in contact before I even met them; I only met Sakib for the first time in Pakistan. As for the overseas travel introduction, I had nothing to do with it!"
👏 Looking at CZ's counterattack, it's truly irrefutable evidence!
👉 First, let's talk about the identity and timeline. Who is Sakib? He is a well-known actor from India, who has acted in (1983 Cricket World Cup), and has no direct relation to the cryptocurrency industry at all. CZ also emphasized that he first met Sakib in Pakistan, where he was attending an official event as an advisor to the Pakistan Crypto Committee. Sakib's connection with the WLFI team has existed for a long time.
👉 Let's take a look at the real background of WLFI. WLFI is a DeFi project supported by the Trump family, mainly aimed at promoting the application of stablecoins and strengthening the position of the U.S. dollar. Its core members include Trump's son and senior figures in the crypto industry, but there is no Sakib. Moreover, the so-called 'overseas travel introduction' is completely fabricated. WLFI's spokesperson has also stated that CZ is just a friend of founder Zach Witkoff, not some 'middleman'.
👉 And that rumor of a pardon is just absurd. CZ directly stated: "I have never discussed Binance US trading with anyone. If there were a pardon, that would certainly be good, but this article clearly aims to attack the president and cryptocurrency."
😡 CZ has no intention of letting this go; he has ruthlessly exposed the political conspiracy behind the media.
💥 He said (The Wall Street Journal)'s report is just a tool for those in the U.S. who want to hinder the development of cryptocurrency. There are three major truths here!
👀 First, he is a victim of regulatory struggle. The battle over cryptocurrency regulation in the U.S. is fierce. The (GENIUS Act) has already passed the Senate, originally intended to establish a framework for stablecoins, but there are still opposing voices within the Democratic Party, fearing it could be exploited by political forces. Some forces want to slow down the U.S. process of becoming the 'capital of cryptocurrency' by attacking industry leaders like CZ and the supportive Pakistan government.
👀 Second, there is data suppression and manipulation of public opinion. The Federal Deposit Insurance Corporation (FDIC) had secretly asked banks to suspend crypto services, which Coinbase's legal team condemned as 'shameful behind-the-scenes operations'. (The Wall Street Journal) and Bloomberg have also stirred up trouble, repeatedly publishing aggressive reports without evidence, even admitting that the content is 'based on speculation'. This is just nonsense. 😒
👀 Third, the Trump family's crypto ambitions. WLFI, as a project supported by the Trump family, has recently sparked controversy due to the issuance of the stablecoin USD1 and the meme coin TRUMP, and is being investigated for conflicts of interest by Democratic senators. CZ has also emphasized that he has no business dealings with WLFI and has never purchased their tokens, calling the notion that he 'facilitated' them pure slander.
😖 This turmoil has shown us the severe challenges facing the cryptocurrency industry.
💪 First, let's talk about the traditional financial siege. Giants like JPMorgan and Citibank on Wall Street are planning to unite to issue stablecoins, intending to squeeze the living space of decentralized cryptocurrencies through 'compliance'. The U.S. banking system previously even conducted 'Operation Choke Point 2.0', directly cutting off funding channels for crypto enterprises. Although there has been a slight policy shift recently, this game is still ongoing.
💪 Now, let's look at the struggle of political forces. The Trump administration wants to promote the legalization of cryptocurrency, but some Democratic senators want to obstruct legislation through hearings, even dragging the focus onto the Trump family's conflicts of interest. CZ is not fighting alone; many crypto executives have recently faced 'smear attacks', indicating that the industry is facing not only political suppression but also physical security threats.
💪 Finally, there is the crisis of trust and the path to breakthrough. Binance is currently facing a trust crisis due to accusations of DEX malfunctions and data leaks. This requires technical optimization and increased transparency to rebuild user confidence. CZ also calls for the industry to unite: "We must break the monopoly of traditional finance and make cryptocurrency a tool for inclusive finance; we cannot become sacrifices in political struggles."
😉 In short, this cryptocurrency war is far from over. CZ's clarification is like a sharp blade, tearing apart (The Wall Street Journal)'s hypocritical mask and exposing the political game in the cryptocurrency industry before everyone's eyes. Whether the U.S. can become the 'capital of cryptocurrency' depends on the struggle between regulators, traditional finance, and innovative forces. Who will ultimately win? It will definitely be those who truly promote technological progress and protect user rights.
Buddies, let's continue to pay attention to this cryptocurrency war and cheer for the freedom of digital assets! 💖
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