Many people don’t understand why a big account like Cathie Wood’s suddenly came out to criticize Binance. CZ openly stated at Davos that crypto will disrupt the banking system and traditional finance, which essentially touches the core interests of old money and the existing financial order in the U.S. On top of that, CZ being pardoned by Trump carries strong political symbolism within the U.S. Now, standing on the same side as Trump to actively push crypto development, he’s naturally seen as a key figure disrupting the balance by many traditional financial forces. In this context, it’s no surprise he’s become a thorn in their side. When the old system realizes its existing interests and discourse power might truly be shaken, the most common reaction isn’t to openly discuss technology and trends, but to create uncertainty through public opinion and narratives. FUD Binance, FUD the entire crypto industry.