Warren talk back Binance threat on top CZ own guilty plea for 2023
Senator Elizabeth Warren legal team don reject threat wey Binance CEO Changpeng Zhao send for her social media post wey link am guilty plea wey e make for November 2023 for money laundering compliance wahala to presidential pardon. Zhao lawyer dem demand say make the post commot because dem talk say the post no show the true side of the matter and e lie say dem finance Binance stablecoin USD1 and dey lobby for pardon. Warren lawyer yan say her talk na true matter and na protected opinion under the First Amendment, dem also talk court record, Zhao four months sentence wey e serve April 2024 and the stablecoin wey join for $2 billion transaction. The wahala show how crypto regulation risks dey increase for Binance and how political influence dey affect market feeling.
Bearish
The defamation wahala wey dey between Senator Warren and Binance CEO Changpeng Zhao don add legal plus political gbege on top Binance. For short time, people no sure about how regulators go dey watch and how public go see am fit cause wahala for Binance own token. For long run, the ongoing legal issues and the high compliance wey dem go need fit make investors no too trust am, wey go hold market performance body down.