On February 11, Binance founder CZ said in an interview with the All-In podcast, "I have more than 20 scheduled meetings or calls every day, plus some ad-hoc tasks and social media responses. Although it's very busy, the work is meaningful. The sense of accomplishment has nothing to do with money or business growth, and it's hard to describe in words."
During Biden's presidency, the US government claimed that organizations like Hamas were exploiting Binance, and that Binance had failed to take sufficient measures to address the issue. There were legal limitations on discussions regarding related plea bargains. The Biden administration was hostile to cryptocurrencies, publicly declaring its intention to "fight against them." In contrast, the Trump administration's policy shifts were positive for both the US and the world. Hostility towards cryptocurrencies likely stems from fear of new things and lobbying influence from the traditional financial industry.
Between 2018 and 2020, Binance operated well. In 2019, Binance established a U.S. entity. This was due to reports that the U.S. government was targeting Binance and Bitfinex. After consulting with friends with legal backgrounds, the decision was made to register in the U.S. This is an independent entity, regulated from the outset.
