Changpeng Zhao urges the crypto world to prioritize real blockchain solutions over memecoins, highlighting the shift in market dynamics.
Changpeng Zhao news
The estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency.
Secondary market resales of crypto assets long after they were first distributed by their developers are not “securities” transactions, lawyers for Binance and its former CEO argued.
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.