Limiting top U.S. firms misrepresents economy, Changpeng Zhao says
@cz_binance: Changpeng Zhao on U.S. policy
Changpeng Zhao, CEO of Binance, recently took to Twitter to voice his concerns regarding policies that aim to limit U.S. companies such as Amazon, Meta, and GE in an attempt to safeguard the U.S. economy.
Zhao argues that equating the New York Stock Exchange (NYSE) to the U.S. economy is misleading, as the NYSE is a single entity owned by Intercontinental Exchange with a market cap of approximately $100 billion. In contrast, Amazon alone boasts a market cap of $2.40 trillion. Zhao's comments emphasize that the broader spectrum of U.S. companies represents the economy, rather than a single stock exchange.
Loading...
Zhao’s critique of conflating individual exchanges with the entirety of the U.S. economy is consistent with his broader perspective on how unconventional frameworks can shape financial discourse. His previous reflections on Bhutan’s focus on happiness through crypto integration shed light on alternative economic metrics, while his proposal to bring BNB to stock markets sparked debate over the intersection of digital assets and traditional financial platforms.
In the previous news, tweet author Changpeng Zhao discussed the launch of Binance's new feature, highlighting its potential impact on the cryptocurrency market. Read more about Binance's latest development.
