Crypto Industry Shows Unwavering Support For Binance Against US SEC, Poll Reveals

Varinder Singh
June 6, 2023 Updated September 4, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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Binance CEO Changpeng “CZ” Zhao introduces a Twitter poll on “Who can protect you more? Binance or the SEC”. Crypto exchange Binance and “CZ” have received unwavering support from the crypto industry. The poll has received nearly 127k votes, with over 85% voting for Binance and just 14% said the US Securities and Exchange Commission (SEC).

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Binance CEO “CZ” Polls On “Who is better at protecting users, Binance or the SEC?”

Binance CEO launched a poll on Twitter, asking the crypto community who is better at protecting investors. Nearly 200k people have participated in the poll. The current support rate for Binance is over 85%, and the support rate for SEC is only 14.

The unwavering support from the crypto community shows trust in Binance from its users, while the US SEC continues to face criticism for their regulation by enforcement approach.

The US Securities and Exchange Commission (SEC) filed 13 charges against Binance and CEO “CZ” in the District of Columbia for violating securities laws.

The SEC is already fighting against Ripple and Coinbase, with experts suggesting Ripple lawsuit outcome probability coming in August this year after a long legal battle. Coinbase has also filed complaints against US SEC for seeking clarity on crypto regulations and guidelines after SEC sent wells notice to Coinbase in March.

Binance CEO and Cardano founder Charles Hoskinson agree it’s the perfect opportunity for the crypto industry to unite for clarity on rules and guidelines.

Also Read: Whales Buying The Dip Amid Binance Crackdown By SEC; Analyst Predicts Bitcoin ATH in 2023

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Binance Hires Former SEC Enforcement Officials

Crypto exchange Binance has hired former US SEC Enforcement Division officials to challenge the US SEC trial team. Former SEC officials include Richard Grime, William R. Baker, and Bill McLucas.

The US Dept. of Justice (DOJ) could also bring charges against Binance and joins US SEC and US CFTC in their investigations and lawsuit against the exchange.

Also Read: Who Will Win, US SEC Or Crypto Giant Binance?

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.