There is really no need for domestic cryptocurrency traders to defend Zhao Changpeng's arrest in the United States. Some Chinese may not know that mainstream exchanges generally have a special US version, such as Binance.US and Sesame Open Door Gate US. This US version is a castrated version with fewer currencies and incomplete functions in order to meet US regulatory requirements. Those who don't believe can use a US proxy. Mainstream exchanges will limit the functions of your account and require you to use the US version.
Zhao Changpeng's crime is nothing more than indulging Americans to use Binance's standard version of the APP, and not locking all US users to the US version. The so-called money laundering is to find a pretext for a crime. According to this logic, there are so many criminals in the United States, and the US government has failed to enforce the law. All federal employees should not be arrested.
The US government is also a centralized power. The privacy track has been hammered by the United States. Tornado Cash has been sanctioned by the United States, and Binance has removed XMR under the guidance of the United States. In recent days, the US Senate has also said that it will ban algorithmic stablecoins and limit the amount of stablecoins issued by non-banks. If the Americans are allowed to mess around, the best case scenario for the cryptocurrency market is that it will become a U.S. technology stock, and the worst case scenario is that it will become an online gambling site.
