While the entire crypto industry has been suffering from the consequences of their stupid incidents for two consecutive years, is there anyone who lies to the public more shamelessly than thisโafter repeatedly causing market crashes every October, then claiming to be responsible for protecting their customers and asking those same customers to maintain a long-term vision?
And whenever customers or community members criticize them, they dismiss the criticism as attacks orchestrated by competitors like OKX, rather than addressing the concerns themselves.
This is something the crypto industry needs to talk about.
I rarely call out individuals, but I genuinely believe that people with this level of influence should be held accountable for the narratives they create.
CZ first talked about a potential supercycle in 2026. Then, on September 30, he posted this green image of himself with just one word: "Soon."
You might think it's just a harmless post. But when you have nearly 11 million followers, nothing you post is interpreted like an ordinary person's post.
Retail traders see these things differently. They start building expectations, FOMO kicks in, and many begin positioning themselves based on the narratives coming from influential figures.
Now look at the market since then.
BTC has dropped more than $15K, and ETH has lost over $1,000.
I'm not saying CZ caused this crash. I'm not even saying he explicitly told anyone to buy.
But here's my concern:
When you have such a massive audience, you have a responsibility to understand how your public statements can influence market sentiment.
You cannot constantly fuel bullish expectations among retail participants and ignore the impact those narratives may have on inexperienced traders.
The crypto market needs organic price discovery, not hype-driven narratives that can push people into emotional decisions.
I'm not against bullish predictions. I'm against irresponsible influence.
Millions of people follow you. Your words carry weight. With that influence should come accountability. @cz_binance@elonmusk
Democrats wanted the SEC, not crypto lawyers, to decide what counts as entrepreneurial or managerial efforts. The Clarity Act gives the SEC that rulemaking power, but it still wasnโt enough for Democrats.
They voted no.
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