Binance CEO, Changpeng Zhao, has refuted claims that the exchange is considering delisting cryptocurrency assets affiliated with the United States. He clarified the exchange’s stance in a tweet replying to a news outlet that carried the story.
A news outlet cited Bloomberg”s disclosure that Binance was considering cutting ties with the U.S. crypto industry due to the recent crackdown by the Securities and Exchange Commission (SEC) on the space.
Bloomberg reported on Friday that Binance is considering severing its ties with crypto projects in the U.S. after one of its partnerships came under intense scrutiny by the New York regulator.
Blockchain Has No Borders, CZ States
The news barely lasted, as CZ quickly refuted the rumors, stating they were false. He then responded to a comment where a Twitter user asked, “What is even a U.S.-based token?” CZ replied to the question, saying, “Exactly, blockchain has no borders.”
Binance was in the spotlight after the SEC sued BUSD issuer Paxos for listing and selling unregistered securities earlier in the week. This is not the first time crypto firms have received a Wells notice of this manner in recent times. Kraken, Nexo, and Genesis have all faced the wrath of the U.S. regulator for similar cases.
CZ Blows Hot on False Pull-Out News
The Binance CEO was again infuriated by another news outlet that stated that Binance was pulling the plug on its U.S. partners. The news outlet tweeted that Binance was considering pulling out of partnerships with its U.S. dealers. Whaleschart cited it was doing so because of the crypto crackdown in the country.
CZ was quick to react to the tweet, stating that Binance had only pulled back on some potential investments. He also cited that it rejected deals with bankrupt firms based in the country and is not planning on totally vacating the U.S.
The Binance CEO called on news outlets to “seek permission first” and not circulate unconfirmed news to the public. Binance is yet to confirm if Voyager is among the bankrupt companies in the United States it is pulling out of.
