What’s the Secret of Number 4? – Cryptokoin.com

As Cryptokoin.com reported, the crypto money market was shaken during the day with the news of new lawsuits. Another major regulatory action for the crypto market has come with the U.S. Commodity Futures Trading Commission (CFTC) filing against crypto exchange Binance. In response to this, CZ tweeted, referring to an interesting warning he mentioned earlier! Here are the details…

The tweet by Binance CEO CZ made many investors curious! So what does it mean?

The cryptocurrency market continues to shake with news of new lawsuits. With the US Commodity Futures Trading Commission (CFTC) filing against crypto exchange Binance, a new regulatory enforcement action seems to be on the way.

CZ tweeted the number ‘4’ right after news broke out about the CFTC’s lawsuit against the cryptocurrency exchange. CZ is known as a highly optimistic and popular voice in the crypto ecosystem. The leading exchange has recently come under scrutiny for a lack of clarity regarding its asset reserves. However, it is still at the forefront as the largest exchange in terms of trading volume.

Earlier, CZ said in its statements that the number ‘4’ means “Ignore FUD, fake news, hacks, etc.” This comment came in the form of a warning in early January 2023. Hence, the meaning of ‘4’ in this Tweet suggests to ignore FUD under pressure from regulators, according to many experts. As you know, in the case, the CFTC accused, among others, the CEO of not properly monitoring Binance’s activities. This caused great concern among investors.

Coinbase officials voiced their reaction to regulators

Along with this, the words of Coinbase CEO Brian Armstrong, who came to the fore with his reaction to the regulators, draw attention. Armstrong criticized US regulators for failing to agree on rules. Saying that the regulators lacked clarity, Armstrong quoted the following words:

Imagine that we have both football and referees on the field, but we are actually playing pickleball. The referees cannot fully agree on the rules of this new game. One of them decides to change the decision they made in April 2021

Last Minute: The USA Sued This Bitcoin Exchange!

On the other hand, as you may remember, the Securities and Exchange Commission (SEC) allowed the IPO of Coinbase in recent years. Paul Grewal, the exchange’s Chief Legal Officer, also commented on the SEC’s crypto regulations, stating his reaction to the sanctions due to the “lack of any rulebooks.” Paul Grewal, Coinbase’s Chief Legal Officer, recently questioned the state of US law regarding how cryptoassets are classified and quoted:

If you are confused, you are not alone. Is that really the best American law has to offer?

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