Binance is doing a rebrand. At the same time, Gov and banks are using the courts to manipulate Binance for their own purposes

I was browsing the Binance page with morning and realised that their website had changed a lot since yesterday. Coming out of the major lawsuit with the CFTC and still ongoing SEC lawsuit, Binance is under a lot of public pressure from a number of misdeeds. To placate customers Binance are re-branding. Here is their homepage:

https://preview.redd.it/v8r7ugyi0n9c1.png?width=1057&format=png&auto=webp&s=741bcfd5fbc8abcf8d228277a8f9b7ed1f867b9a

There's clearly an attempt to save face and recover lost trust here. But there's something possibly insidious going on here.

Coming out of their CFTC lawsuit settlement, even though they must exit the US they must still comply with US regulations. At least for a period of 3 years anyway. They will also be under extra scrutiny with an “independent” compliance monitors and committee. More than likely, the government, as well as the cooporations that shadow-runs it will use this as a way to monitor the information crypto users on the platform as well as influence crypto markets. And we see the beginnings of it here.

Binance's Fee page used to look like this.

https://preview.redd.it/ag32dqhj2n9c1.png?width=1375&format=png&auto=webp&s=78fd785323111f1791b8ba6aa4ade78181aac561

Now it looks like this:

https://preview.redd.it/a0wekkyr2n9c1.png?width=1334&format=png&auto=webp&s=921b9a40247304744f6620f5a8587c37ded35e2e

Sure, we knew BUSD was a dead coin, but USDC? For those out of the know, Circle's USDC is backed and managed by some of the biggest TradFi/banksters in the world. They literally have board and top level execs from the likes of BlackRock, Goldman Sachs and Delta Airlines. They specifically had a fund set up with BlackRock and also entered into an agreement for a $400M funding round with investments from BlackRock as well as Inc., Fidelity Management and Research, Marshall Wace LLP and Fin Capital.

There's also the fact that there were concerns that USDC could end up becoming a backdoor CBDC. The switch to USDC is…baffling, even under Binance's crisis of confidence situation. Government/Cooporation's pressure is one of the only valid explanations.

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14 thoughts on “Binance is doing a rebrand. At the same time, Gov and banks are using the courts to manipulate Binance for their own purposes”

  1. Binance Coin pros & cons with related info are in the collapsed comments below.

  2. For a rebranding, their old and new logo look very much alike (100% to be exact)

  3. You argument has merit. I’ve been following this shit too. Check out the CFTCs GMAC and you’ll find your culprits.

  4. you spelled “start a new money laundering operation ahead of ‘the most election of our lives'” wrong, ftfy

  5. Are the American etf enthusiasts aware how fat binance btc cold wallet is and how they also have the sell spot button ready?

  6. even though they must exit the US they must still comply with US regulations.

    what is this bullshit?

  7. Oh no, Binance doesn’t like the coin of their biggest competitor!

    How DARE they 😭

  8. The elites and super wealthy are currently constructing the framework for a complete crypto takeover…systemically shutting down anyone not playinv. Ball…..the whole, “this decentralized thing will stick it to the man and give power back to the people” narrative is dead. It’s become blatantly obvious to me. Most crypto investors only care about getting rich and therefore are willing to sell out to the Blackrocks of the world to achieve that goal. Little do they know this is the beginning of the end of anonymity and decentralization within crypto. Which if your honest with yourselves may be a good thing for many in the retail space, as most crypto is a pointless ponzi, designed to steal retail money….maybe I’m wrong, but probably not

  9. >They literally have board and top level execs from the likes of BlackRock, Goldman Sachs and Delta Airlines.

    I’m not gonna lie, I chuckled a bit when I read Delta Airlines thrown in there with BR and GS.

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