In response to the coverage of a recent Bloomberg report, Binance CEO Changpeng Zhao denied a possible delisting of the cryptocurrency in the US. The initial report stated that the exchange is considering ending its relationship with US companies due to mounting regulatory pressures.
Zhao responded to a tweet covering the developing story, saying it was “false.” Moreover, she has taken to Twitter to defame coverage of the like. Following a previous post urging followers to “ignore FUD, fake news, attacks, etc”
Reports of no confidence in the CEO of Binance
Bloomberg reported that one of the most prominent names in the crypto industry has considered cutting ties with US business partners. The consideration came after increasing regulatory pressures surrounding the stock exchange and its various trading partners within the country.
Now, Binance CEO Changpeng Zhao has denied reports of a possible US-based cryptocurrency being delisted. Briefly, Zhao responded to Watcher.Guru’s coverage of the report, claiming it was a “mistake”. On the contrary, Zhao stated that the exchange has “backed off some potential investments or bids on bankrupt companies in the United States at present.”
There is no denying the increased regulatory scrutiny facing the exchange, in the wake of events arising from a recent SEC investigation into stablecoin issuer, Paxos. Subsequently, BInance found itself at the center of investigations from various regulators, including the SEC, and the Department of Justice.
Bloomberg’s initial report said that Binance Holdings is considering a possible downturn in business in the country. Moreover, this decision will coincide with the delisting of US-based stablecoins such as the US dollar, the sources said.
