CZ: Binance Targeted by Biden Due to Market Dominance and Chinese Heritage Binance founder Changpeng Zhao (CZ) @cz_binance shared during an April 14 interview with Fox Business that he believes the Biden administration has made him a “warning example.” CZ pointed out that the Biden administration has previously declared war on cryptocurrency, with the SEC frequently suing crypto companies, creating an overall hostile regulatory environment. Because Binance is the largest player in the industry and its headquarters are outside the U.S., coupled with his own Chinese heritage, CZ has become a focal point of this targeting. Additionally, addressing external speculation that Trump pardoned him for commercial interests, CZ firmly denied the claims, stating that he has “no business ties” with Trump or his family, including investments, collaborations, or cross-shareholdings. Source: Fox Business