Binance's CZ Reacts to Sen Warren's New Major Anti-Crypto Initiative: Details

Key Points

1. CZ responds to Senator Warren's anti-crypto stance, citing her concerns about SEC regulation potentially devaluing the NYSE.

2. CZ emphasizes that the NYSE is just one company (owned by ICE) with a market cap of ~$100B, while Amazon's market cap is $2.40T, illustrating that the economy comprises all companies, not just the NYSE.

3. CZ recalls his early Bitcoin investment in 2014 and contrasts the excitement around Bitcoin reaching $1,000 then with its current price levels.

4. Senator Warren warns that crypto could 'destroy the US economy' and seeks to limit major companies like Amazon and Meta to protect the economy.

5. CZ does not oppose the NYSE but argues that regulatory focus should consider the broader economic impact beyond a single exchange.