RATE Group | Binance CEO CZ says Trump crypto comments are a good thing
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Binance CEO CZ says Trump crypto comments are a good thing

23 Jul Binance CEO CZ says Trump crypto comments are a good thing

Posted at 09:40h in Bitcoin News by

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Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018.

Akio Kon | Bloomberg | Getty Images

President Donald Trump might not be a fan of cryptocurrencies, but Binance CEO Changpeng Zhao doesn’t seem worried.

Known in the crypto community as “CZ,” the digital currency exchange’s chief said Trump’s comments criticizing bitcoin and Facebook’s libra currency can only be good for the industry.

“Trump so far has not done anything positive or negative, he’s just said he’s not a fan,” Zhou told CNBC in an interview last week. “The fact that he tweeted about it, and the president of the United States is talking about cryptocurrency, it’s a good thing.”

Trump said in a series of tweets earlier this month that he was “not a fan” of cryptocurrencies like bitcoin, claiming they’re “not money.” He also directed his ire at Facebook’s plans to create a cryptocurrency, saying the firm should be subject to federal banking regulations.

Subsequently,…

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