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Seems strange to say Justin Sun an CZ are even close to one another in terms of impropriety. Justin Sun is a snake oil salesman, CZ potentially broke the law w

Seems strange to say Justin Sun an CZ are even close to one another in terms of impropriety. Justin Sun is a snake oil salesman, CZ potentially broke the law while running a legitimate service. One that worked and was actually quite successful.

JumpCrisscross 3y ago
> CZ potentially broke the law while running a legitimate service Intentionally broke the law, according to his own statements. Also, co-mingled personal and client assets like Bankman-Fried.
- WinstonSmith84 3y ago
  > Intentionally broke the law... It's not like there are much laws regulating cryptocurrency markets in the US to begin with. That's the whole point why most crypto companies avoid the US: random enforcements != clarity But I'm really curious to see whether a large country (e.g. China) or countries union (e.g. EU) is going to provide enough clarity and security as to move the innovation elsewhere from the US.
  - ipaddr 3y ago
    Bitcoin mining is banned in China, exchanges are limited to government connected exchanges. Curious to hear from the EU
    - EscapeFromNY 3y ago
      https://www.cnbc.com/2023/04/20/eu-lawmakers-approve-worlds-first-comprehensive-crypto-regulation.html https://www.cnbc.com/2023/04/20/eu-lawmakers-approve-worlds-...
  - misnome 3y ago
    Bullshit. There are plenty of laws, just none specifically tailored to what the crypto companies would like. So, no _new_ laws. They still have to follow the old ones. Not outright breaking them, emailing each other about how much you are breaking them, making memes about how much you are breaking them - yeah, that tends to be pretty well covered.
    - WinstonSmith84 3y ago
      Which laws are you talking about? The way the SEC is designing some coins as security, while ignoring others is remarkably laughable. The thing is, they clearly don't have a clue. Like, tagging BUSD, a stablecoin as a security, is truly the cherry on the cake.
monero-xmr 3y ago
If Justin Sun didn’t loot all the funds from Polo and Huobi I would be extremely surprised
klyrs 3y ago
From page 29 of the complaint: > As Binance’s [chief compliance officer] bluntly admitted to another Binance compliance officer in December 2018, “we are operating as a fking unlicensed securities exchange in the USA bro.” Whoops. The press are supposed to say "allegedly" in cases like this, but when your people are on the record admitting that the business is criminal, the public tends to jump to the same conclusion that the courts will inevitably reach.
- gunshai 3y ago
  I'm not quite sure how this addresses my point in anyway? I'm talking about the comparison of two people and what they are/have been accused of. Not whether any one court claim has legitimate evidence or not.

JumpCrisscross 3y ago

> CZ potentially broke the law while running a legitimate service Intentionally broke the law, according to his own statements. Also, co-mingled personal and client assets like Bankman-Fried.

WinstonSmith84 3y ago
> Intentionally broke the law... It's not like there are much laws regulating cryptocurrency markets in the US to begin with. That's the whole point why most crypto companies avoid the US: random enforcements != clarity But I'm really curious to see whether a large country (e.g. China) or countries union (e.g. EU) is going to provide enough clarity and security as to move the innovation elsewhere from the US.
- ipaddr 3y ago
  Bitcoin mining is banned in China, exchanges are limited to government connected exchanges. Curious to hear from the EU
  - EscapeFromNY 3y ago
    https://www.cnbc.com/2023/04/20/eu-lawmakers-approve-worlds-first-comprehensive-crypto-regulation.html https://www.cnbc.com/2023/04/20/eu-lawmakers-approve-worlds-...
- misnome 3y ago
  Bullshit. There are plenty of laws, just none specifically tailored to what the crypto companies would like. So, no _new_ laws. They still have to follow the old ones. Not outright breaking them, emailing each other about how much you are breaking them, making memes about how much you are breaking them - yeah, that tends to be pretty well covered.
  - WinstonSmith84 3y ago
    Which laws are you talking about? The way the SEC is designing some coins as security, while ignoring others is remarkably laughable. The thing is, they clearly don't have a clue. Like, tagging BUSD, a stablecoin as a security, is truly the cherry on the cake.

monero-xmr 3y ago

If Justin Sun didn’t loot all the funds from Polo and Huobi I would be extremely surprised

klyrs 3y ago

From page 29 of the complaint: > As Binance’s [chief compliance officer] bluntly admitted to another Binance compliance officer in December 2018, “we are operating as a fking unlicensed securities exchange in the USA bro.” Whoops. The press are supposed to say "allegedly" in cases like this, but when your people are on the record admitting that the business is criminal, the public tends to jump to the same conclusion that the courts will inevitably reach.

gunshai 3y ago
I'm not quite sure how this addresses my point in anyway? I'm talking about the comparison of two people and what they are/have been accused of. Not whether any one court claim has legitimate evidence or not.