Binance founder Zhao Changpeng (CZ) at the WebX summit held in Tokyo, Japan on August 25, reviewed his own experiences and the industry's turning points. He stated that the 180-degree shift in the U.S. regulatory attitude has a profound impact on the global cryptocurrency industry, emphasizing that the involvement of government and traditional finance can promote widespread adoption, while also being optimistic about the combination of AI and cryptocurrency in payments.
U.S. regulatory shift: From declaring war to embracing the crypto space.
At the beginning of the interview, CZ jokingly mentioned that he had been imprisoned due to the previous government's hostile stance towards cryptocurrencies; interestingly, the U.S. government has now turned to embrace the industry. After Trump took office, he promoted pro-crypto policies, and the Democratic Party subsequently adjusted its stance, forming a bipartisan consensus that injects vitality into the market.
He emphasized that technological innovation should not be dragged down by short-sighted resistance from the government. If the U.S. can take the lead in embracing crypto finance, it will not only benefit its own economy but also drive other countries to follow suit. For him, this is not just an update of the regulatory framework, but a significant turning point in the global industrial landscape:
I often communicate with governments and regulatory agencies from multiple countries, sharing regulatory suggestions, and I am happy to be a bridge.
He specifically mentioned Abu Dhabi and the UAE, believing that their efficient governance model makes them the next crypto hotspot.
Practicality is key: The rise of stablecoins, while CBDCs retreat.
Meanwhile, the U.S. has passed three pieces of legislation regarding stablecoins within just a few months, including the (GENIUS) Act, while strongly opposing central bank digital currencies (CBDCs). CZ believes this demonstrates regulators' deep understanding of the market:
Stablecoins are more aligned with user needs, while CBDCs still have a 'zero adoption rate' after years of experimentation.
He pointed out that the attitudes of China and Hong Kong have also softened, shifting from strict bans to discussions about promoting stablecoins, indicating that countries are welcoming a new wave of cryptocurrency regulation.
Looking forward to AI: Machine-to-machine trading will be the future.
Regarding the rapid rise of artificial intelligence in recent years, CZ believes that cryptocurrencies will become the natural payment tool for AI. In the future, most transactions will be completed by 'machine-to-machine (M2M)', especially in high-frequency trading and DeFi, where automation has become mainstream.
He pointed out that large language models (LLMs) can quickly analyze vast amounts of data, further enhancing trading efficiency. As AI and crypto converge, the way financial markets are participated in will change completely, moving towards a highly automated digital economy era.
A new chapter after stepping down: Educational dreams and new venture investments.
After stepping down as CEO of Binance, CZ has focused his time on two major directions. One is founding a free education platform, Giggle Academy, hoping to solve global educational inequality through AI and digital technology, with over 50,000 students already participating.
He stated: "This plan is non-profit, and I am even willing to invest more, even hundreds of millions of my own funds to promote it."
Another direction is investing in startups, supporting blockchain, AI, and biotech companies through Yzi Labs, providing strategic and practical experience. He believes that helping the next generation of entrepreneurs is more meaningful than just running a company.
Don't reject traditional finance and government! CZ: Help promote crypto adoption.
As for the U.S. considering incorporating Bitcoin into national reserves, CZ believes the crypto industry, as a truly decentralized entity, should 'welcome all participants,' including governments and large enterprises, as their contribution to promoting the widespread adoption of crypto technology will be immensely helpful:
This is a positive signal for mainstream adoption; the more participants enter, the greater the overall value of the industry.
Regarding the growth trend of tokenization, CZ believes it is still in its early stages, with stablecoins and U.S. Treasury tokenization developing faster, while asset tokenization for gold, real estate, and stocks still faces verification and liquidity issues, and even cannot accurately track prices or dividends, indicating that the products are not yet mature.
Advice for entrepreneurs: Stay passionate, create value.
Facing a hall full of young audience, CZ finally gave entrepreneurial advice: "Stay true to ethics, create value, find what you are good at, love, and is valuable to others," find the intersection among these things, and passionately support long-term efforts.
He reminded that the entrepreneurial path is difficult, and only with the correct values and continuous learning can one survive the market winter and achieve true success.
This article is reproduced with permission from: (Chain News).
Original title: (CZ appears at WebX: Don't reject traditional finance and government, AI is the future of crypto payments).
Original author: Crumax.
'WebX2025) Binance CZ: Don't reject traditional finance and government, AI is the future of crypto payments' was first published in 'Crypto City'.
