Did BlackRock Play a Role in CZ’s Binance Exit? ⋆ ZyCrypto
The post Did BlackRock Play a Role in CZ’s Binance Exit? ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     In the aftermath of CZ’s exit from Binance, a fervent buzz engulfs the cryptocurrency community, echoing suspicions of a grand chess game orchestrated by regulatory forces and financial behemoths. With the Department of Justice’s sharp scrutiny of Binance’s alleged AML oversights and CZ’s resignation, the landscape of crypto leadership is undergoing seismic shifts. Speculation amplifies as voices within the community connect the dots, attributing these events to a larger plan—one that could pave the way for institutional giants like BlackRock to wield unprecedented influence. As sentiments intensify, assertions linking CZ’s departure, the DOJ’s crackdown, and the imminent prospects of a Bitcoin ETF approval loom large, hinting at a meticulously crafted strategy to rearrange the crypto hierarchy. BlackRock’s alleged hand in CZ’s exit: What’s the community saying? The community’s speculation ties CZ’s departure to a strategic overhaul in crypto industry leadership. Discussions on CZ’s exit and Binance’s regulatory woes suggest a calculated plan that might empower giants like BlackRock. Advertisement    A resurfaced tweet by crypto enthusiast Travis Kling, dated June 16, gains traction on X following CZ’s departure from Binance. Kling’s post speculates about BlackRock’s potential influence, noting, “Blackrock more or less IS is the US government. They’ve also received approval on 575/576 of ETF applications.” He asserts that if Binance maintains its dominance, the ETF won’t gain approval, implying that either Binance disappears entirely or its impact on price discovery significantly diminishes for approval. “If this ETF is approved, Binance is either gone entirely or their role in price discovery is massively diminished. If Binance holds on to its current level of influence, no chance this ETF is approved.” Mister Crypto on X (formerly Twitter) points out that CZ’s absence could pave the way for major players like BlackRock, Fidelity, and Invesco to take charge if…
Filed under: News - @ November 22, 2023 11:26 pm