- Justin Sun believes that Binance CEO can handle the SEC’s lawsuit.
- Binance’s CEO receiving a lot of support from the crypto community.
The U.S. Securities and Exchange Commission has filed a lawsuit against Binance, the world’s largest crypto exchange, and CEO Changpeng Zhao for securities violations. Binance CEO has tweeted his reply to the lawsuit after a long silence. After his tweet, Justin Sun comes up with support for CZ.
Extended Support For Binance CEO
On June 6, Changpeng Zhao tweeted about the SEC lawsuit. Justin Sun, the Huobi advisor and former TRON CEO, expressed his support for Binance CEO Changpeng Zhao.
Justin Sun stated
I wanted to take a moment to express my unwavering support for you. As one of my friends, I trust you and believe in your integrity. We are here for you!
Sun mentioned that Zhao’s abilities and approach are beyond reproach in the advancing cryptocurrency industry. And also called Zhao an honest and upright person. Moreover, Zhao has wonderful leadership skills.
Justin Sun believes that CZ has the ability to handle the SEC’s lawsuit and prove himself innocent. Moreover, he added that, as a friend, he always supports Zhao no matter what happens. The exchange has announced that it plans to defend itself against the SEC’s lawsuit, opting not to settle.
CZ receiving a lot of support from the crypto community. As the world’s largest crypto exchange, Binance gets over the SEC’s lawsuit, it will be a booster for others facing the SEC lawsuit.
Highlighting that, even Justin Sun and his related projects, including TRON, face SEC charges in March. That case has not yet reached a settlement.
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