Binance founder Changpeng Zhao, known as CZ, has returned to the U.S. spotlight. In a recent interview, the crypto figure discussed his goals for strengthening the American market.
CZ, who served a four-month prison sentence in 2024, remains the majority shareholder in both Binance and its U.S. affiliate, Binance.US. He told CoinDesk he aims to see Binance.US tap into Binance Global's liquidity. This strategy is part of his broader push to make the U.S. a leading crypto hub.
Regarding the current market downturn, CZ identified several factors. He cited investor migration to artificial intelligence, ongoing geopolitical tensions, and the standard four-year crypto cycle as primary causes for the 2026 bear market.
While he clarified he does not wish to run an exchange again, CZ continues to operate as an influential adviser. He stated his guilty plea to Bank Secrecy Act violations did not damage his business reputation.
On the legislative front, a key crypto bill faces uncertainty. Negotiations continue, but a major ethics provision remains a significant hurdle. With the Senate calendar showing only 20 working days until September, floor time for debate is running short.