Justin Sun is confident in the ability of Binance’s CEO to handle the SEC’s lawsuit, and the crypto community is showing strong support for Binance’s CEO.
The U.S. Securities and Exchange Commission (SEC) has sued Binance, the largest cryptocurrency exchange, and its CEO Changpeng Zhao (CZ) for violating securities regulations. After a period of silence, CZ has finally responded to the lawsuit through a tweet. Following CZ’s tweet, Justin Sun expressed his support for CZ.
On June 6, Changpeng Zhao (CZ), the CEO of Binance, posted a tweet addressing the SEC lawsuit. In response, Justin Sun, an advisor to Huobi and the former CEO of TRON, showed his support for CZ. Justin Sun expressed his unwavering support for CZ, stating that he considers him a friend and believes in his integrity. Sun assured CZ that they are there for him during this challenging time.
Sun praised Zhao’s exceptional abilities and approach in the rapidly evolving cryptocurrency industry, emphasizing his integrity and upright character. Sun expressed confidence in Zhao’s capability to navigate the SEC’s lawsuit and establish his innocence. As a friend, Sun stated his unwavering support for Zhao regardless of the circumstances. Binance, the exchange in question, has declared its intention to defend against the SEC’s lawsuit and has chosen not to settle.
Also Read This Related: SEC Files Lawsuit Against Binance for Unregistered Securities Operations
CZ is receiving extensive support from the crypto community. If Binance, the largest cryptocurrency exchange, successfully resolves the SEC lawsuit, it could inspire others facing similar SEC lawsuits. This is noteworthy because Justin Sun and his associated projects, including TRON, also faced SEC charges in March, and that case is still ongoing without a settlement.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
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